Technical Analysis: LFEX Norway Exporters Salmon Index, 10th October 2025

David Nye - The London Fish Exchange

Published: 14th October 2025

This Article was Written by: David Nye - The London Fish Exchange

  

The Oslo FoB Index fell 3.54% during this week of trading to end the week at 70.62 NOK. The Oslo FoB Index closed below the red upward sloping dashed diagonal trendline.

The next area of horizontal support zone is the 69.43 NOK and the grey upward sloping trendline. The trend of higher price highs and higher price lows continues.

The Composite is displaying short-term bullish divergence vs the Oslo FoB Index and the RSI during the last week of trading. The Composite Index has moved to a higher displacement while the Oslo FoB Index and RSI have moved lower. The Composite Index is also near the lower end of its historical displacement range.

The RSI is getting near the lower end of bullish displacement range and will need to bounce soon if the RSI is going to continue to operate within a bullish displacement range.

In summary, the Oslo FoB Index is testing the red dashed trendline, which could be used as support. The 69.54 NOK horizontal support zone is nearby. The Composite Index is displaying a very bullish setup. The RSI can move lower, but it is near the lower end of its bullish historical price range. This is about as bullish of a setup as a person could hope to see. Can the Oslo FoB Index continue to go to lower prices? Absolutely! It’s my belief the season price lows are in. I’m thinking there is 60 NOK to 70 NOK of potential upside with 2 NOK or 3 NOK of risk.

  About This Analysis

About David Nye

David is a Senior Vice President in investment advisory with over 30 years of experience.

Based in Minnesota, USA he has a long history in technical analysis across a range of markets. David brings his experience to provide an independent insight into potential salmon pricing based on LFEX and DataSalmon data.

What is Technical Analysis?

Technical Analysis is used to try and identify price trends in the future. Analysts believe that by using factual past information (trading activity and price changes) it is possible to identify future price movement trends and is quite prevalent in commodity and forex markets but can be applied to any product.

Technical Analysis has been developing for over a century, and there are now hundreds of patterns and signals that have been created. They are often used in conjunction with other forms of research and analysis to help formulate, or support pricing trend opinions.

Purpose of the Analysis?

To provide an independent data-driven view of market pricing trends in the short and medium-term. As a potential tool, for users to access future pricing trends based on LFEX/DataSalmon derived market data.

How Does it Work?

On a regular basis (weekly), David will provide his independent analysis of LFEX and DataSalmon pricing data. The output will be to provide pricing trends based on the most up to date pricing received.

The analysis will show the expected trends and potential (price) levels, as well as other markers – for example, higher or lower price triggers that would affect the analysis of the trend – and what this might mean. It is data-driven, and will not, and does not, account for any other fundamental analysis, or weather or biological events for example. This is the same for any commodity product technical analysis.

Disclaimer

All information provided contains no guarantee whatsoever, especially of completeness, accuracy, timeliness or of the results obtained from the use of this information, and is provided without warranty of any kind, expressly or implied. In no event will, LFEX Ltd or DataSalmon, its member firms, or the partners, directors, officers, owners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information or for any consequential, special or similar damages, even if advised of the possibility of such damages. In no event and under no legal or equitable theory, whether in tort, contract, strict liability or otherwise, shall LFEX Ltd or DataSalmon be liable for any direct, indirect, special, incidental or consequential damages arising out of any use of the information contained herein, including, without limitation, damages for lost profits, loss of goodwill, loss of data, work stoppage, the accuracy of results, or computer failure or malfunction