Baltic Tanker Indices: Week 48 technical commentary.

December 4, 2017

 

CLEAN TANKERS

 

Displaying some continued strength, the Clean Tanker Index took another run upwards in Week 48, closing at 649.

 The possibility of some support building just above 600 is there, maybe in our previously mentioned consolidation zone around 625. Despite our previous caution, the low 700s may be in reach after all.

With the index breaking out of the range seen before the 2017 hurricane season spikes, the MACD has crossed to the bullish side as the still-neutral RSI rises gently.

 

DIRTY TANKERS

 

For Week 48, the Dirty Tanker Index cruised along just above our 750 - 800 support range, closing up on the week at 820.

This support may continue for a while yet, as the MACD , still on the bullish side, retreats a little from its bearish fade, showing a more level trajectory. 

The RSI at 71.43 gently retreated from peakish territory, maybe suggesting some consistency at this index level.

Please reload

Recent Posts

Please reload

Archive

Please reload

Tags

Disclaimer: Content on this site is provided  for information purposes only. We are not a registered investment advisor, broker, dealer, financial analyst, financial bank, securities broker or financial planner. The contents of this site are not intended to be, and do not constitute, financial advice. For any investment decision, you should seek the advice of a qualified and registered securities professional. This website is provided without any representations, warranties or conditions of any kind. The opinions expressed by www.supermar.info article authors and those providing comments are theirs alone, and do not reflect the opinions of Superior Maritime. Superior Maritime is not responsible for the accuracy of any of the information supplied by these authors.

  • twitter

©2016-2019 SUPERIOR MARITIME