Tag archives: WF

A Room with a Technical View 16/05/22

Capesize June Futures – Last week we noted that the RSI on the 4-hour chart had produced a negative divergence, warning of the potential for a momentum slowdown, with downside moves below USD 36,500 indicating the futures had entered a corrective phase. We also noted that any corrective move lower had the potential to be …

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A Room with a Technical View 09/05/22

Capesize June Futures – We noted last week that although technically bullish the futures were trading with a USD 15,446 carry, meaning that we needed to see positive numbers from the index, otherwise the upside moves would be unsustainable. For this reason, although technically bullish the futures were not considered to be a technical buy. …

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