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- Little has changed on the index, the lower high would suggest a corrective or consolidation phase.

Q3 – A head and shoulders pattern has now formed. A neckline break that goes onto act as a resistance level is preferable due to the bullish divergence.

Cal 18 – Technically bearish, caution on a false breakout due to the divergence with the stochastic as it could prove to be a false breakout.

Q3 v Cal 18 – This chart is not as bearish as we hoped, however a pullback in the spread that coincides with the Q3 neckline acting as a resistance would suggest this spread could come under pressure.

smx 17-5-17

To view the full report please click on the link