April 30, 2018

CLEAN TANKERS


Week 17's Clean Tanker Index continued its upsurge, giving another healthy move up to close at 571. The exuberance of the previous week was more restrained as the index approached our upside resistance ideas in the low 600s area.

Following this little bit...

April 23, 2018

CLEAN TANKERS


The Clean Tanker Index gave us a gap up on Week 16, following on the heels of our Week 15 bullish Piercing Line comments for Week 15.

With the index closing 60 points higher than Week 15's 498 low, the RSI ran up to neutral territory on the move, and...

April 17, 2018

CLEAN TANKERS

Week 15's Clean Tanker Index gave us an impressive run-up to close at 529 for the week on a 31-point range. Was it the bottoming signals we babbled about last week? Probably not.

Candlestick students might see the last two candles on the chart as a bullish...

April 9, 2018

CLEAN TANKERS

For Week 14 the Clean Tanker Index took a heavy gap down through our watch zone of 525 - 540 and closed at 501. 

The RSI approached its lower reaches too at 24.24, with a MACD into the negative values. Pushing through the lower reaches of the range seen thr...

April 3, 2018

CLEAN TANKERS


Week 13 was a continuation of Week 12 for the Clean Tanker Index, which closed at 563. In the doldrums with a tight 3-point range, the index carried on sideways just below our original support ideas around 575 - 600.

Of interest is the RSI at 30.61, which...

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 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 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 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...

February 26, 2018

CLEAN TANKERS


For Week 8, the Clean Tanker Index tailed off from open to mid-week, and then recovered a little to finish off at 646. 
The 625 - 630 zone being our upper resistance idea, Week 8's action has tried to push through this level with a small amount of success...

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