A Room with a Technical View 26/09/22

Capesize October Futures – The upside move in the futures traded above the USD 16,950 resistance resulted in the futures trading to a high of USD 21,000. Our Elliott wave analysis suggests that the upside move should be considered a countertrend, with the futures remaining vulnerable below USD 23,045 and neutral above. The new high …

A Room with a Technical View 12/09/22

Capesize October Futures – As noted last week, the futures had started to move lower with downside moves that held above the USD 11,132, supporting a near-term bull argument. The futures traded down to but held the USD 11,132 level, supporting a near-term bull argument, resulting in the futures moving higher (current price USD 15,250 …