Tag archives: FO

Daily Capesize Review 11/1/22

Capesize freight rates declined on limited market activities due to waning shipping demand from thin cargo lists in both basins. The Capesize 5 time charter average, then dropped by $1,897 day-on-day to $19,283 on Tuesday, due to the lack of shipping activities. The Baltic Dry Index (BDI) also dipped by $126, down 5.53% day-on-day, to …

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Morning Oil Report 12/01/22

At 10:04 am Singapore time (0204 GMT), the ICE March Brent futures contract was up 20 cents/b (0.48%) from the previous close at $83.92/b, while the NYMEX February light sweet crude contract was 39 cents/b (0.48%) higher at $81.61/b.   Oil prices surged yesterday along with other risk assets following comments from US Fed Chairman, …

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A Room with a Technical View 11/1/22

Technical Round ups:   Capesize February futures – Price is below all key moving averages supported by the RSI below 50. We continue to see a positive divergence between the RSI and the futures, this is not a sell signal, but it is a warning that we have the potential to see a momentum slowdown. …

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Morning Oil Report 11/01/22

At 10:10 am Singapore time (0210 GMT), the ICE March Brent futures contract was up 31 cents/b (0.38%) from the previous close at $81.18/b, while the NYMEX February light sweet crude contract was 42 cents/b (0.54%) higher at $78.65/b. Both crude oil benchmarks had dipped by up to 1.1% overnight, shedding some gains accrued over …

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