The Oslo FoB Index finished the week at 82.68 NOK up 3.32% for the week. The Oslo FoB Index appears to be moving above the 82.31 horizontal resistance zone and the price moving average.
The Oslo FoB Index ended this week of trading at 80.02 NOK. The next horizontal resistance zone is at 82.31 NOK and there is also a price moving average near the 82.31 NOK price area to offer additional resistance.
The Oslo FoB Index fell 6% this week. The Oslo FoB Index didn’t slow its decline at the 72.98 NOK horizontal support zone and the orange measured move price target from last week’s report.
The Olso FoB Index fell 4.6% from Friday August 4th through Friday August 11. The Oslo FoB Index did move above the steeper red down sloping trendline and is now riding this trendline lower.