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


The index is now on wave 3 of wave C corrective move and starting to look overextended.

The futures all remain in bull territory but in corrective phases. Based on Elliott wave analysis we are on leg 4 corrective waves. This would suggest that market pullbacks should in theory hold between the 38.2% and 50% Fibonacci support levels.

If the highs of leg 1 are broken, then it would suggest that the bull cycle is over.

smx 9-2-18

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