The Oslo FoB Index produced a small rally during the last week of trading. The Oslo FoB Index has broken above the steeper red downward sloping trendline.
Tag Archives: Technincal Analysis
The Oslo FoB Index fell 4.32% in the last week of trading. The trend of lower lows and lower highs is continuing. The Oslo FoB Index is on top of the 82.28 NOK horizontal support zone.
The Oslo FoB Index fell 10.7% this week. The Oslo FoB Index broke below the green upsloping trendline on Wednesday and the Index has continued falling in a steep decline.
The Oslo FoB Index rally continued during the last week of trading. I refreshed the support and resistance zones levels. The next horizontal resistance zone is at 104.19 NOK.
The Miami FoB Index fell 3.44% during the last week. The Miami FoB Index didn’t slow down at all at the price moving average near $5.46.
The Miami FoB Index fell 4% in the last week. The Miami FoB Index is right on top of a price moving average and just below the $5.58 horizontal support zone.
The Oslo FoB Index had another week of overall upward price movement. The Oslo FoB Index is just under the 96.47 NOK resistance zone.
The Miami FoB Index fell 4.65% in the previous week of trading. The Miami FoB Index broke through the $5.88 horizontal support zone and the price moving average near the same price.
The Oslo FoB Index rallied 5.35% during the last week. There are two price moving averages very close to the Oslo FoB Index current price that could provide resistance.
The Miami FoB Index experienced a 2% pullback in prices since my last update. The Miami FoB Index is approaching the $5.88 horizontal support zone. The Miami FoB Index is also testing a price moving average and the green upward sloping trendline, both should offer support for the Index.