FIS Technical – Capesize

The Capesize index has produced the first bull close since the 14-5-18. Technically bearish but oversold and on a support zone which encompasses the 200-period weekly average. bearish but not a technical sell.

The intraday price action on the June futures has shown an aggressive upward move from an oversold technical. However, we need to see a new high close which at this point is USD 16,040

To view the full report please click on the link