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- 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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