Tag archives: DF

A Room with a Technical View 23/05/22

Capesize June futures – Technically bullish last week but in a corrective phase; having traded to a low of USD 34,625 the futures have traded above the USD 39,250 high, to USD 43,500. Elliott wave analysis would suggest we are on a wave 5 of the cycle that started on the 29/04/22 with a potential …

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Daily Capesize Review 19/5/22

Capesize freight rates rose further on better shipping demand with higher rates seen in the Atlantic market, due to thin ballaster list. The Capesize 5 time charter average, then rose by $1,837 day-on-day to $36,368 on Thursday, despite some slight correction in the trading session. The Baltic Dry Index (BDI) then rose by $100 day-on-day, …

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