The Baltic Dry Index broke through support at 2300/2400, signaling a test of the lower channel border. The decline indicates that demand for bulk commodity shipping is slowing: a negative outlook for resources stocks. Failure of primary support at 1500 would signal reversal to a primary down-trend — and a clear warning of a W-shaped recession rather than the V-bottom we are all hoping for.
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I copied the above from Colin Twigg, the chart didnt come thru ???
counting down, page-19
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Last
$20.68 |
Change
0.580(2.89%) |
Mkt cap ! $63.67B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.48 | $371.6M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17519 | $20.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 1250 | 2 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |