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%

Why traders should NOT ignore the Nola Urea technical footprint


Why traders should NOT ignore the Nola Urea technical footprint

Technical trading analysis is something that is normally more associated with the equities or Forex markets than with commodities or their derivatives.

However if we look at the technical footprint of the NOLA Urea Index since October 2016, we can see that that a similar psychology is as evident here as it is on the Dow Jones or in the Chicago wheat contracts.

FIS noted in its Technical Report of the 12 October 2016 that the NOLA Urea index was started to look bullish. Below is the chart from that report.

ferts 6-4-17

To view the full report please click on the link