Technical Analysis: LFEX Norway Exporters Salmon Index, 13th June 2025

David Nye - The London Fish Exchange

Published: 16th June 2025

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

  

The Oslo FoB Index fell 9.46% during this week of trading to end the week at 74.69 NOK. The Oslo FoB Index is below the 76.25 horizontal support zone and is very close to a horizontal resistance zone.

The red downward sloping trendline, that connects the price highs from December 2024 and April 2025, appears to have been held during the most recent test. There are several trendlines drawn on the chart below the current price suggesting areas of additional support. These trendlines can be used for either support or resistance when tested.

The Composite Index has broken through its fast-moving average. The moving averages recently turned to a positive displacement. The Composite Index is also near its slow-moving average and a purple trendline drawn from a previous divergence signal.

The RSI also broke through its fast-moving average. The RSI had two trendlines cross during the week that was within a day of signalling the recent price high. The RSI displacement high was also near this displacement. The RSI has recently used this displacement area for resistance so it can also use it as support. The slow-moving average and the blue upward sloping trendline are also likely targets.

In summary, the Oslo FoB Index tested and was pushed back by the red downward sloping trendline. It has also broken through a nearby support zone. There is also the purple upward sloping trendline that connects recent seasonal price lows near the same price. Are there reasons to be bullish? The Composite Index has made a much larger move down in its displacement than the Oslo FoB Index. It is also testing its moving averages positive displacement and a trendline that could offer additional support. The RSI has made recent displacement highs near its current displacement.

  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