Category Archives: Technical Analysis

Miami FoB prices have broken above the red down sloping trend line and the price is just under the black price moving average. It’s a bit early to say it’s a clear break above the red down sloping trend line.

Oslo FoB prices have had a nice rally this week. Prices broke above the grey upsloping trend line, the red dashed horizontal resistance line and the price moving average. Where are prices going?

The Miami FoB price bounced off on top of the brown upsloping trend line and is now currently just under the red down sloping resistance trend line

The Oslo FoB prices have continued to fall this week. Prices seem to have found some support at the 58.40NOK price zone

The Miami FoB prices continue to move lower. The price has broken down through the black moving average.

The Oslo FoB prices also continue lower. There is lower horizontal support for prices at 60.838NOK and 58.48NOK.

The Miami FoB prices have broken through the blue upsloping trend line and the horizontal support line at $6.16 suggesting the move down in prices will continue.

The Oslo FoB Prices have broken the black upsloping trend line and I now very close to the 69.07NOK support line. Notice the Composite Index ran into resistance at the downward sloping green trendline1.

The Miami FoB prices punched through the blue upsloping trend line. As mentioned previously, these diagonal trend lines are not drawn with a fine line, a thicker line is usually more productive than a thinner line.

The Oslo FoB market prices have been trending sideways for the past 11 trading days. I redrew the black trend line to do a better job catching the lows from September and November of 2021.