Capesize

13750

May-17
450.00 3.38%

Panamax

8300

May-17
-200.00 -2.35%

Iron Ore

61.5

May-17
-0.50 -0.81%

Sing 380

292.65

Jun-17

Coking Coal

177

May-17
1.00 0.57%

Nola Urea

172

May-17
3.00 1.78%

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

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