The Oslo FoB Index fell 4.8% this week to finish the week at 59.62 NOK. The Oslo FoB Index is currently testing a “stronger” horizontal support zone.
Category Archives: Technical Analysis
14
Jul
Jul
The Oslo FoB Index fell 0.55% during this week of trading to end the week at 62.63 NOK. The Index continues to find support in the low 60’s NOK price area.
07
Jul
Jul
The Oslo FoB Index fell 9.4% to end the week at 62.98 NOK. The Index has made a lower price low during this week of trading, breaking the previous short-term trend of higher price highs and higher price lows.
30
Jun
Jun
The Oslo FoB Index rallied 6.47% to end the week at 68.91 NOK. The Oslo FoB Index bounced of the confluence of support near 64.46 NOK. The market has rallied up to and penetrated the 68.31 NOK resistance zone.
16
Jun
Jun
The Oslo FoB Index fell 9.46% during this week of trading to end the week at 74.69 NOK. The Oslo FoB Index is below the 76.25 horizontal support zone and is very close to a horizontal resistance zone.
09
Jun
Jun
The Oslo FoB Index rallied 22.99% during this week of trading to end the week at 82.49 NOK. The Oslo FoB Index broke above three horizontal resistance zones and three trendlines during this week of trading.
27
May
May
The Oslo FoB Index finished the week at 64.23 NOK, down 14.18% for the week of trading. The Oslo FoB Index broke below the confluence of support near the 72 NOK and the green downward sloping support line.
19
May
May
The Oslo FoB Index rallied 24% to finish the week at 74.84 NOK. It was another week of quiet trading and price movement for the Index.
28
Apr
Apr
The Oslo FoB Index traded down 25.25% during this week of trading to close the week at 71.89 NOK. The Oslo FoB Index is currently testing the pink horizontal confluence zone and the purple up trending line that connects previous years price lows.
22
Apr
Apr
The Oslo FoB Index fell 3.90% during this week of trading, finishing the week at 97.16 NOK. There was very little price movement during this week of trading.
