CLEAN TANKERS

Closing Week 6 at 624, the Clean Tanker index continued to lose strength. After a gap-down open below our previous 650-675 support some bearish momentum seems to be building, giving our previous suspicions some weight.

The RSI at 53.90 maintained the only...

A HAPPY & PROSPEROUS

LUNAR NEW YEAR!

CLEAN TANKERS

For Week 5 the Clean Tanker index pushed down to fix at 649, barely through our 650-675 support thoughts.

Staying in its sideways pattern, the index showed a still-solid RSI of 54.63 while the MACD continued its bearishn...

CLEAN TANKERS

Week 4 had the Clean Tanker index adhering tightly to a narrow band right at our 650-675 support ideas, seemingly unwilling to test below 650. The index gained on the week, climbing fairly steadily to a 672 Friday fix.

The RSI followed, gaining a little t...

CLEAN TANKERS

For Week 3 the Clean Tanker index appeared to rest a little, following our Week 2 thoughts of the index taking a rest and the low 700s zone showing some attraction.

With a 661 fix at week's end, the clean tankers still showed some weakness as the MACD dro...

Welcome to 2019. Well, a week or two certainly makes a difference, doesn't it? Our last commentary was for Week 50, 2018 and we posted dry bulk and tanker charts through the holiday period, watching as the black marks began to pile up. Our friend Jerome Sorrel summed i...

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 As we head to the Christmas break, we at Superior Maritime would like to extend our very best wishes for this festive season to you and yours, no matter which holiday you celebrate. We'll see you in 2019.

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CL...

CLEAN TANKERS

The Clean Tanker index took a near-50 point gap up to open Week 49, and surged to close at 894. Not having seen this level since 2010, the index seemed somewhat precarious with the RSI at 89.22.

The lagging MACD followed the surge of course, reaching a str...

CLEAN TANKERS

Gapping up and surging in Week 48, the Clean Tanker Index took a sizable jump to close the week at 792, displaying
enough strength to pop through our upside resistance ideas around 675-700.

Previous highs in this area were in early 2017, and the RSI reache...

CLEAN TANKERS

In Week 47 we saw the Clean Tanker Index take a positive step in its recent consolidation, closing up on the week at 660.

With the RSI still at a peakish 78.6 and a weakly bullish MACD,
the index is just below our upside resistance ideas around 675-700.

See...