Category Archives: Technical Analysis

Prices are at an interesting intersection. Prices are at a red dotted horizontal resistance line and under the brown prior trend line on prices.

Prices appear to be stuck around the $7.09 resistance area. The divergence between the indicators is continuing. It appears the indicators are heading towards one of their moving averages to find support. I still believe prices should have a mild pull back to let the indicators reset for another move higher.

The prices on the Miami FoB continue to raise. If you look at the two indicators in the bottom panes, you can see both indicators have history at these displacements.

Prices appear to be turning up on the Oslo FoB exchange.

All-time highs for the Miami FoB market!

Olso FoB prices are at a support zone at NOK 82.32.

The Oslo FoB markets prices are pulling back as the indicators reset.

Miami FoB is near it’s old all time high near the green (1). As mentioned earlier, “usually” the price will stall out near it’s old highs and consolidate before continuing its price move higher.

Olso FoB appears to be starting a mild pull back in price and then I expect a continued move to new highs on the chart.