March 26, 2018

CLEAN TANKERS

For Week 12, the Clean Tanker Index showed some indecision with a relatively tight range on the week of 7 points. Hanging around just below our downside support target of 575 - 600, the index closed at 557.

The RSI strayed away from neutral territory, drop...

March 26, 2018

HANDYSIZE


In Week 12 the Handysize Index continued its climb to close at 641, another solid 12-point run. Now that the index has pushed through our 625 - 630 resistance zone, are we looking at that area becoming support? Possibly.

The strength in the index can't be...

March 19, 2018

CLEAN TANKERS


Pessimism was once more the theme in Week 11 for the Clean Tanker Index. The continued march downwards closed at 556, just below our 575 - 600 target zone.

Should that support zone re-assert itself, there may be an upside resistance area around 625 - 650 t...

March 19, 2018

HANDYSIZE


Week 11 was another positive one for the Handysize Index, although without the exuberance of the previous couple of weeks. Now firmly into our upside resistance target zone of 625 - 630, the index showed a smaller spread on the week of some 12 points.

Closing...

March 12, 2018

CLEAN TANKERS

Further gloom in the Clean Tanker Index was enhanced by a slow trickle downwards for Week 10. The index took a trip into our lower-end support ideas around 575 - 600, finishing down at 580.

The next couple of weeks should tell if these support ideas hold u...

March 12, 2018

HANDYSIZE


Week 10 was another positive upswing for the Handysize Index, gapping up from Week 9 and steadily rising to a 611 close. Now into our 600 - 625 upside resistance zone, it remains to be seen what strength this run-up contains. So far, the turn-around thou...

March 5, 2018

HANDYSIZE


In Week 9, the Handysize Index displayed a strong bounce up and away from our downside support ideas around 525 - 550. 
Recovering by over 50 points, the index followed an almost-linear progression from open to a close at 586.

Now close to our upside resistanc...

March 4, 2018

CLEAN TANKERS


For Week 9, our concerns over the Clean Tanker Index's anaemic attempt to push through our 625 - 630 resistance zone came to fruition. Having mentioned the narrowing range and this zone becoming a springboard, the index proceeded to bounce off the ceiling...

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