FIS Technical – Supramax

FIS Technical – Supramax

Supramax Index- Technically bullish, caution on the daily chart as it has potential to produce a bearish divergence on a fresh market high.

Sep – A bullish trend that is starting to look over extended on this wave suggesting a corrective wave is due.

Q4 – Bullish above USD 9,388. The current wave is now equal in length to the previous upward move with an overbought stochastic suggesting a corrective wave is due.

Cal 18 – Bullish above USD 8,840, caution on a close below this level as it would suggest the trend dynamics are changing.

smx 18-8-17

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