Technical Analysis: LFEX Norway Exporters Salmon Index, 11th July 2025

David Nye - The London Fish Exchange

Published: 14th July 2025

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

  

The Oslo FoB Index fell 0.55% during this week of trading to end the week at 62.63 NOK. The Index continues to find support in the low 60’s NOK price area.

I made some minor changes to the chart this week. I put in pink horizontal support zones that have a confluence of support, meaning, there is more than one technique pointing to that price area as possible support. These confluence support zones should be stronger than a support zone that only has one method of support. The Oslo FoB Index continues to respect the blue, green, and brown downward sloping trendlines that connect prior price highs or lows. The red, green, and blue trendlines along with the 59.88 NOK horizontal support zone all converge in early August. Interesting.

The Composite Index did bounce off the black upward sloping trendline that connects a prior divergence signal during the week. The Composite Index bounced up and was repelled by its slow-moving average. The Composite Index does have some history at its current displacement but no recent history of using this displacement as support or resistance. The Composite Index is displaying bullish divergence between today, July 11th, and July 2nd displacement. The Composite Index is at a higher displacement while the Oslo FoB Index is at a lower price.

The RSI used the blue upward sloping trendline as resistance and is testing the same displacement it has used for support since January 2025. The fast-moving average for the RSI also acted as resistance during the week of trading. The RSI continues to operate in bearish displacement range; however, the RSI is at a displacement it has used for support for most of this year. Like the Composite Index, the RSI is showing a bullish divergence signal vs the Oslo FoB Index.

In summary, the Oslo FoB Index is continuing to trend down in price. Lower price lows and lower price highs. If the current price area doesn’t find enough buyers, the next support zone is near the 59.86 NOK price level. The price of the Oslo FoB Index appears to be making mild price swings while it searches for a bottom. Within the available history, the price lows usually occur in August or September each year. Meaning, we probably still have some time before we see any major price increases or a change in the price trend for the Oslo FoB Index.

  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