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)...
www.thestreet.com
www.thestreet.com
Its time to go long once again folks, some signs of accumulation going on here.
You can clearly see how the majority of the sheeps reading into CNBC are buying into their traps.
