FIS Technical – Capesize

The index remains technically bullish but continues to show a bearish divergence with the 21 period RSI.

Technically bullish but not a technical buy at this point due to slowing momentum and in need of a technical pullback if it is to continue its upward trend.

The September futures have entered a corrective phase within a bull trend. The divergence between the 8 and 21 period moving average would suggest we have another potential bull wave to come.

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