Technical Analysis: LFEX Norway Exporters Salmon Index, 22nd July 2022

David Nye - The London Fish Exchange

Published: 25th July 2022

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


The Oslo FoB prices continue to fall. Next major support area is around the 68 NOK to 70NOK price area marked on the chart as sold and dashed green horizontal lines.

You can see other green dashed horizontal support lines under the current price as well. The swing I have marked with a green (A) and the current swing, I’m marking with a green (C), are proportionally related. The location of green (C) noted on the chart isn’t a price target. The placement of the green (C) on the chart is just for reference. I measured the swing (A) down with a tool and then moved the tool over to the start of swing (C) down.

This measurement also gives some price target areas to consider for possible price support. There is some confluence of price targets at the 68.93NOK price area. The RSI is at its lowest displacement in its history, meaning, the price lows are likely not in currently.

  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.


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