The Danaos Corporation has developed an Inverted Head and Shoulders on the RSI, during this time it has also begun to Bullishly Breakout of Bull Flag alongside the global charter rates and is likely to continue up to atleast make a 38.2% retrace so long as charter rates continue to rise.
With BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector. I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and...
Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle...
Safe Bulkers has formed 3 Rising Valleys with Hidden Bullish Divergence, and on the 3rd Valley, it seems to have formed a Bull Flag. Once it breaks out of the Bull Flag it will enter a Bullish BAMM that could take it up to the 0.886 all the way up to the 1.13 Extension as it enters an Alternate Bat Bullish BAMM.
What is the Baltic Dry Index (BDI) and what does bitcoin have to do with it? The index is a tool for measuring business activity in the world, and actually tracks the cost of shipping in the world by different classes of ships. Why does an investor or a mid-term trader need it? It can be used to forecast the demand for international maritime transportation, as...
Baltic Dry Index points to smth ugly in global trade to happen. I count move from 2008 top to 2016 bottom as wave circle A. Move from 2016 trough to 2021 peak as wave circle B. Wave circle C is ahead. Assuming C=A extension the bottom should be expected somewhere in the 140-200 range, almost 80-90% drop from the current levels.
The globle very important indicator BDI is near the mach 2020 level therir is two type of view NEGATIVE:- This is the time to sell the all stock because the globle most of the market and indicator is negative trend Positive:- This is the time to the invest because, last time BDI near this level after this all market give rally, so this is time to accumalate...
The very important indictor of the globle finacial market baltic dry index is show in the positive trends. If you watch this indictor it is very much possible the bearish market end soon.
Wassup moving goods arouund... Oops, not happening. China? Nope, re-opened for 61 Hours and closed up again. No more Honey for the Money. Increasingly more stringent lockdowns... but hey. Facism rules the planet. Go get some. _____________________________________________________ The Baltic Exchange's main sea freight index extended its slide on Thursday...
The Chart is extreme Price Ratio behavior within the WTIC to BDI Ratio. Extreme is relative to TIME, as the ROC is quite robust. And yet it remains at a mere fraction of its prior high @ 1.232. ______________________________________________________ Price is going to make a very large move in Crude Oil @ minimum $10 and perhaps far more. Recently we have seen...
Well the DXY is again entering the area of extreme overbought and threatens to bring down not only commodity markets but also the global trade. To be fair, this situation has been going on since late 2014, when a period of expensive DXY came, which led to pressure on commodity prices and frozen EM and is gradually coming back to the US through high inflation....
RCL | Thailand SET Index | Transportation Sector | Possible Wave 2 of Grand Supercycle - TP 107.50 Stop Loss Conservatively 40.00 (EMA200) First Buy: 44.00 Second Buy: golden cross EMA10 Third Buy: cross up EMA20 or breakout downtrend channel of trade Key indicators: > Truly aggressive Banker Share Volume turned green and Smart. > BBD signal about to cross up...
The Baltic Dry Index Continues to soar following my call for a breakout at 3,200ish (July 2021). I think the BDI remains a good indicator right now for a few reasons: 1. From a technical perspective, it is behaving exactly as expected (hence the call from 3,200 - it was an easy read) 2. The breakout and move higher is consistent with a bottleneck in global...
Since Jan 2021, the price has been up trending. Rejection seen at $5.20 on 2 June with spike in volume, but the volume on the following day is roughly 25% of 2 June, suggesting exhaustion of supply. The next few days saw a rally up to break 52 weeks high. There may be a reaction to pull back around $5.20, but otherwise could be a good entry if you like break out...
This is a marine shipping company based in Greece that specialises in commodity bulk shipping. It has been in steady uptrend since Feb 2021. Interestingly on 3 May, there was a spike in volume to push the price into the range between $20.50 to $23.30. Although there was a pull back to $18.40, but prices has since moved up from 7 June onward. If price can sustain...
This company operates a fleet of dry bulks transporting commodities. This stock break up from range between $14.80 to $17 on 9 June with slightly higher than usual volume. As the price has broken out from range, there is higher probability of a retest around $17 but if price stays above $18, the next target is $24 or beyond. Will be interesting to see price...
INDEX:BDI Baltic Exchange Dry index is showing some signs of bullish reversal. Despite the fact that Buy/Sell Zones on a weekly chart is in the red zone, historically this setup led to a increase in price. First Long trade target may be 1600 and up to 0, 0,5 and 1 Fib. I may assume, that some selling pressure may be met near 0 Fib, so be sure to place your...
The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. BDRY is an ETF that trades on the Baltic...