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.
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.
In Week 45, the Clean Tanker Index took a solid 70-point leap and closed at 652, seemingly using our previous consolidation thoughts as a springboard. Taking a firm poke upwards, the index is now at the upper end of our 625 - 650 upside resistance ideas.