While dropping to a teeth-grinding 290 in Week 6, the Handysize Index actually eased in its recent plunge. After gapping down on the week's open the overall performance could be called....um...less abysmal - a mere 11 points down.
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.
Week 4 saw more gloominess for the Handysize Index, with yet another gap-down open. The headlong charge ran down
to a horrendous fix of 395, as the index poked a little way through our hopes of some low-400s consolidation.
The Handysize Index took a rest in Week 49, halting its downtrend just above our 615-620 support ideas from a month ago. Barely visible on the chart, the index closed at 625, down a whole single point on the week.