FIS Technical – Panamax

FIS Technical – Panamax

Panamax Index- The index is currently in a corrective phase, but remains technically bullish. Downside moves that hold above USD 10,812 would suggest upside continuation within the trend.

OCT – The corrective move has made a lower low turning the trend neutral, however a hidden divergence would suggest the market looks overextended to the downside and market shorts should tighten risk.

pmx oct 29-9-17

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