Category Archives: Technical Analysis

The Oslo FoB Index fell 15.3% since last Thursday’s closing price. The Oslo FoB Index is now making lower price lows and lower price highs.

The Oslo FoB Index fell 3.46% during this week’s trading to 127.24 NOK. I didn’t make many changes to the chart because there was not a need.

The Oslo FoB Index rallied 1.29% from last Friday’s close to this Friday’s closing price. I refreshed the horizontal support and resistance zones for the Oslo FoB Index.

The Oslo FoB Index rallied 2.4% during this week’s trading. The Oslo FoB Index appears to be heading towards the next horizontal resistance zone at 132.44 NOK.

The Oslo FoB Index rallied 6.03% during this week of trading to end at 126.94 NOK. The Oslo FoB Index used the 119.53 NOK horizontal support zone and the green upsloping trendline for support.

The Oslo FoB Index fell 8.8% to 119.72 NOK during this week of trading. The Oslo FoB Index didn’t even slow down its decline at my suggested support zone around the 125 NOK area suggested in last week’s update.

The Oslo FoB Index fell 7.22% during this week of trading. The 142.75 NOK horizontal resistance zone and the pink upward sloping trendline repelled the Oslo FoB Index back down to lower prices.

The Oslo Fob Index rallied 1.73% from Wednesday April 27 through Friday April 5th. The Oslo FoB Index is testing the pink resistance line that connects the last two years highs and the underside of the 142.75 NOK horizontal resistance zone.

The Oslo FoB Index rallied 19% during this holiday shortened week of trading. The 138.09 NOK is an all-time high price within the available historical data for the Oslo FoB Index.

The Oslo FoB Index rallied to finish up 15.29% for this week of trading. The first thing I see when looking at the Oslo FoB Index chart is prices have moved into new recent highs.