Category archives: Fuel Oil

A Room with a Technical View 25/1/22

Capes February futures- As noted last week the bear trend remains stable with the engulfing pattern signalling a potential short-term upside move, key resistance was at USD 14,750. The upside move failed to hold with the Futures trading to a low of USD 10,500, bringing fractal resistance down to USD 14,750, above this level the …

Continue reading “A Room with a Technical View 25/1/22”

Daily Capesize Review 24/1/22

Capesize freight rates continued to drop on thin liquidity, amid the vessel oversupply and low seasonal demand market. The Capesize 5 time charter average, then fell by $455 day-on-day to $6,935 on Monday, due to the limited shipping activities. The Baltic Dry Index (BDI) also dipped by $24, down 1.70% day-on-day, to $1,391, due to …

Continue reading “Daily Capesize Review 24/1/22”