Tag archives: DF

A Room with a Technical View 28/03/22

Capesize April Futures – The RSI has moved below 50 with price now trading below the USD 21,232 support, from a technical perspective the trend is considered as neutral. Downside moves below USD 16,200 fractal support will create a lower low will meaning the technical is bearish. Upside moves that fail at or below USD …

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Daily Capesize Review 23/3/22

Capesize freight rates extended losses on lacklustre shipping activities with market concerns over poor weather and worsening covid situation in China. The Capesize 5 time charter average, then dropped by $629 day-on-day to $17,412 on Wednesday, after another session of market selloff. The Baltic Dry Index (BDI) however, improved by $29 day-on-day, or up 1.14% …

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