FIS Technical – Supramax
Supramax Index- the index remains bullish be in a corrective phase with technical support between USD 10,198 and USD 9,790. Market sellers should look for a lower high to form on the daily chart for technical entry.
Oct – Technically bearish, upside moves that fail to close above the USD 11,075 – USD 11,250 resistance zone should result in downside continuation. Caution on a close above USD 11,457.