Dry Bulk Market

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…

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…

Highlights: The Panamax index remains in bearish territory and is now looking to test the long-term range support. The RSI and Stochastic are signalling a trending environment and we will need to see price action make a new high for the technical to be…

Capesize A positive end to the week for the big ships with gains particularly in the East, on the key West Australia/China run and the majors and operators in the market. Rates nudged the high-$7.00s for mid-May dates, and with two of the major Austral…

The Capesize index is technically bullish but has the potential to produce a bearish divergence on the 21 period RSI and the stochastic above USD 18,192. A close below USD 16,890 would create a lower signalling a corrective phase within a bullish trend…