Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

FIS Technical – Supramax


FIS Technical – Supramax

Supramax Index- Nearing key technical support at USD 9,770, momentum is now starting to slow down. If the USD 9,770 support holds then the near term target is USD 10,740. If support is broken then the probability of a lower high and a directional change in trend increases.

Oct – Pushing higher on the back of a bullish hidden divergence. Momentum is lagging, suggesting a technical breakout would create a bearish divergence. The recent lower low increases the probability of a lower high so upside is looking limited.

smx oct 17 5-10-17

To view the full report please click on the link.