The index remains technically bullish above its MA’s, but these have started to flatten, and price action is showing neutral tendencies. The June 18 futures have broken to the downside and remain below key averages. However, this is into key support wi…
Dry Bulk FFA: Panamax Index Still Bullish Read More »
The level of activity in the newbuilding market for bulkers has picked up of late. In its latest weekly report, shipbroker Allied Shipbroking noted that it was “an interesting week for the newbuilding market, following through from the bullish face of …
Dry Bulk Newbuilding Activity Picks Up Read More »
The Capesize index remains in bullish territory above USD 16,890. We continue to see a slowdown in upside momentum as price action begins to cluster indicating the divergence with the RSI could soon signal a market pullback. The June futures have creat…
Dry Bulk FFA: Capesize Market On Bullish Mode Read More »
Capesize A positive mood for the coming days, with rates firming again as the week closed out. In Asia, the key C5 route, West Australia/China, peaked at $8.55, but then lost ground as a holiday in Europe unsettled the market and this combined with a t…
Capesize Market Firming Again Read More »
The index remains in bullish territory above the 8 and 21 period EMA’s on the weekly chart. We are seeing a momentum slowdown on the daily technical but remain bullish above the USD 10,995 low from last week. Below this level the technical picture beco…
Dry Bulk FFA: Panamax Index Still Bullish Read More »