Well, a little more musing on the Baltic indices shows the Handysize index following the higher tonnage Supras in the recent surge upwards. Following the charts, Week 8 gapped upwards from Week 7 and, as we write in Week 9, is around the 450 mark. Not yet at our possible resistance area of 450 - 465, it remains to be seen if the push upwards has the buoyancy seen in the Supramax arena.
Baltic Supramax Index: Weekly Chart
Referring to our last comments about buoyant sentiment, the gap up from Week 7 to Week 8 can also be seen on the Supra chart.