Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Baltic Dry Index nears 200 day Moving Average

15 sec read


 

Baltic Dry Index cracked as usual lost 3% more yesterday. But markets are looking fine
uncorrelated with the markets. Baltic Dry Index lost more than 50% from its high. But still
there is not significant correction in commodity markets. Moreover Baltic Dry Index is likely
to test the 200 day Support zone of 2200

Clearly, there is no rising demand for shipping services at this time. The export economies remain threatened

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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0 Replies to “Baltic Dry Index nears 200 day Moving Average”

  1. hello i m post nifty weekly chart that indicating hugh nagetive divergen from last up move can it ts a dengerous sign for nifty or now nifty in upward moving madness so it dosent matter to negative dirvergen. pls guide me. and wt u think about this chart and give your openion.

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