The first thing I noticed about the Oslo FoB Index is price didn’t even hesitate at the 70 NOK area with all of the moving averages that should have offered significant resistance.
Tag Archives: Technincal Analysis
The Miami FoB Index was flat for the week. The index is on top of the brown upsloping trendline offering support.
The Oslo FoB Index price had a nice pop today to end the week and to show a bounce from the 65.31NOK support zone.
The Miami FoB index is unchanged from last week at $5.91. The index price is still above the brown upsloping trend line.
The Oslo FoB index has broken the green up sloping trend line. There is a grey up sloping in the low 60’s NOK.
The Miami FoB Index prices continue to move down slightly. Prices are testing the brown upsloping trendline.
The Oslo FoB Index prices have had a mild pull back in the last week. Prices appear to be heading to test the green upsloping trendline and the red price moving average.
The Miami FoB price slipped a little this week following the trend for the last 2 months of sideways price action.
The Oslo FoB price has also slipped a little this week and is maintaining its move of higher lows and higher highs.
The Miami FoB index price has had a small pull back in the last week. Prices ran into the yellow moving average and found resistance.