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- Price action remains bearish, and we remain USD 750 above the next support. Key MA’s have now been broken.

Q3 – The head and shoulders pattern remains in play. Technical support can be found at USD 6,965.

Cal 18 – Technically bearish, sellers now need to see a mean reversion before making fresh entries. Pricing is now nearing the 200 period MA and this could act as a short term support area.

Q3 v Cal 18 – Bearish, and probably needs to mean revert. Market buyers need to see a higher low before entering anything other than short term swing trades.

smx q3 6-6-17

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