Category Archives: Technical Analysis

The Oslo FoB Index has been rallying since the beginning of April 2023. The Oslo FoB Index ran right through the 126.24 NOK and 128.09 NOK resistance zones.

The Miami FoB Index continues to move down at a moderate pace. The $6.39 and gold upsloping trendline appear to be the likely targets below the current price.

The Miami FoB Index continued its move down during the last week. The Index has broken under the $6.725 horizontal price support zone and appears to be heading towards the $6.36 horizontal price support zone.

The Oslo FoB Index has rallied 4.3% since my last update. The Oslo FoB Index is just under the 120.96 NOK horizontal resistance zone.

The Miami FoB Index continues to pull back in price. The Miami FoB Index currently is on top of the $6.72 horizontal price support zone.

The Oslo FoB Index price is essentially even over the last week with a modest move down and recovery. The Index is up against the 115.79 NOK horizontal resistance line.

The Oslo FoB Index also had a mild retracement in price of 3.30% in the last week. The Index appears to be heading to the 114.38 NOK price support zone.

The Miami FoB Index had a mild retracement in price this week. The Index is testing the green upsloping trend line which should act as support for prices.

The Oslo FoB Index finished the week down 3.8% from last Friday’s price but experienced some price volatility along the way. I drew in a purple and brown upward sloping trend line on the Index price chart try to give an earlier indication of where prices are heading.

The Miami FoB Index appears to be rolling over near the $7.26 horizontal price resistance zone. The green upward sloping trend line and the green horizontal lines should offer support for the Index.