Tag archives: FO

A Room with a Technical View 14/03/22

Capesize April Futures – We had a near-term upside target at USD 31,156 last week based on the William’s method of price projection, the futures traded up to a high of USD 31,000 before entering a corrective phase. Key support on the daily technical is at USD 21,232, downside moves that hold at or above …

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Daily Capesize Review 10/3/22

Capesize freight rates continued to climb from strength to strength with robust market support of moving Australian coals into Europe. The Capesize 5 time charter average, then jumped by $2,740 day-on-day to $13,598 on Thursday, despite support from the high bunker prices. The Baltic Dry Index (BDI) also increased by $146 day-on-day, or up 5.71% …

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