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Baltic Dry Index to shoot up, worst is over

Baltic Dry Index to shoot up, worst is over


52 week High : 1484.00   /   52 week  Low :509.00 

Baltic Dry Index has given monthly positive reversal and it has closed above previous month close at 602. We see in coming period 608 is crucial level, any weekly positive close above this level will lead Baltic Dry Index to positive momentum.

 As per the long term monthly chart pattern prices are suggesting a base formation at current level, After making a life time low of 509 it has given monthly positive close is early price reversal indication.

Team NTD is super bullish on Baltic Dry Index, In coming period we are not expecting it to below 550 levels and expecting it to break its upside resistance level of 782 on monthly basis. Any positive close above 782 resistance level will open the upside target levels of 1450/2350/6000 and we can see fresh Bull Run in coming period.

As per Fibonacci Retracement following are the levels

Retracement Levels. (11440 - 597 closing basis)  
At 23.6%    retracement - 3070
At 38.2%    retracement - 4655
At 50.0%    retracement - 5950
At 61.8%    retracement - 7240
At 78.6%     retracement - 9090
At 88.6%     retracement- 10120


Baltic Dry Index (Last 10 Year Monthly Chart)



Baltic Dry Index (Last 10 Year Monthly Study Chart)

Moving Averages Statistics

Moving Averages

DAILY

WEEKLY

MONTHLY

13

586

615

936

26

568

852

1109

50

579

901

1150

100

802

1147

2867

200

891

1139

NA

 

 

 

 

RSI Statistics

RSI

DAILY

WEEKLY

MONTHLY

14

59.4

37.21

42.53

9

62.69

33.62

45.8





Baltic Dry Index Historical Data statistics

5 MONTH'S DATA

Date

Close

Open

High

Low

Change %

22-Mar-15

602

548

602

548

11.48%

01-Feb-15

540

590

590

509

-11.18%

01-Jan-15

608

771

771

608

-22.25%

01-Dec-14

782

1137

1137

782

-32.18%

01-Nov-14

1153

1456

1484

1153

-19.25%








5 YEARS DATA

Date

Close

Open

High

Low

Change %

01-Dec-14

782

1137

1137

782

-65.66

01-Dec-13

2277

1865

2337

1865

225.75

01-Dec-12

699

1077

1077

699

-59.78

01-Dec-11

1738

1862

1930

1738

-1.97

01-Dec-10

1773

2096

2179

1773

-41.00





















Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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