A Room with a Technical View 15/08/22

Capesize September Futures – As highlighted last week, the futures remained technically bearish with the divergence failing, warning we had the potential to test the USD 11,625-USD 11,415 support zone if the intraday divergence failed. The price traded to a low of USD 10,950 before moving USD 1,000 higher. The futures remain technically bearish and …