Analysis Trendline Breakout: Recently broke above a downward trendline; potential for bullish momentum. Support and Resistance: Watch for support near the trendline and next resistance around 25-26 levels. Recent high volatility. Key Points for Trading: Entry Point: Consider entering on pullbacks to the trendline if volume confirms. Risk Management: Set...
Starting an new uptrend ? They are giving us some good long term signals Over MA 200 ✅ Over MA 50 ✅ Made bullish cross ( long term ) ✅ Formed an C/H aswell ✅ Made 1-2-3 ( higher highs ) ✅ lets see if it wanna continue, next stop is to get over the resistance line and then there should be an free run up minimum 20 % We will see, im long and heavy invested in...
I was wondering if anyone care to share an opinion on forecasting this one (Frontline, NOR, tankers) based on the basic info I have highlighted in the chart? I am very much in rookie territory, trying to learn from entering other and more experienced POVs. Any feedback much appreciated. Thanks!
Market normally goes into backwardation in FFAs after new years and shipping volumes falls when refineries go into maintenance and cut their crude processing demand. This year, in particular, it should fall even more given the cuts being implemented as per media in the last couple of days. A hot tip to follow the fixtures done is to download VLCC Fixtures (iPhone)...