The chart is bullish Supporting data: 1. Price making a bullish trend, Higher Low one after another 2. Confirmed Cup and Handle (a perfect 61.8% Fibo) which already broke previous supply zone and retraced 3. The retracement happen with a bounce inside the green box (which describes a demand zone on weekly timeframe) 4. What will happen now is some consolidation before upward movement
As the phase of energy sector (especially coal) prevailed 2 months before, so will the sector of its shipping