Tag archives: DF

A Room with a Technical View 16/05/22

Capesize June Futures – Last week we noted that the RSI on the 4-hour chart had produced a negative divergence, warning of the potential for a momentum slowdown, with downside moves below USD 36,500 indicating the futures had entered a corrective phase. We also noted that any corrective move lower had the potential to be …

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Daily Capesize Review 12/05/22

Capesize freight rates booked gains despite a late selloff session, as trade participants engaged in profit-taking activities. The Capesize 5 time charter average, then rose by $1,734 day-on-day to $32,885 on Thursday, after a choppy session. The Baltic Dry Index (BDI) then rose by $65 day-on-day, or up 2.13% day-on-day to $3,117, due to better …

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