A fairly flat Week 25 was seen for the Handysize Index, lending continued credence to our ideas of support
from the 575 - 600 level. So far, our thoughts of continued sideways travel are holding water.
The index closed a little down on the week at 593, staying...
For Week 24 the Clean Tanker Index gapped down on the open and continued its retreat, finishing down at 513. Pushing towards the bottom of our 500 - 525 support thoughts, the index showed little inclination to pull up from its downtrend as yet.
For Week 23 the Clean Tanker Index continued its dribble downwards after nudging our 575 - 600 upside resistance target in Week 21. The index took on the look of a sideways channel in a 15-point down-slide that finished the week at 531.
The short Week 22 gave us another dull spell in the Handysize Index, with a mere three-point range to close down on the week at 583. It remains to be seen through the recent gloom whether our thoughts of support around 575 - 600 are in fact asserting themselv...
For Week 22, the Clean Tanker Index shied away from our upside resistance thoughts around the 575 - 600 level, killing Week 21's flash in the pan. With the short Week 22's high at the 569 open, things deteriorated from there to a 540 close.