- Technically the index remains in a trending environment with resistance starting at USD 17,588.
- The RSI is overbought at 90, however again this is expected when markets enter long term trend. Pullbacks remain bullish above USD 11,469 with wave analysis suggesting that downside moves should hold at or above support levels.
- The August futures remain technically bullish in what looks to be a wave 3 in terms of Elliott wave suggesting technical pullbacks should be into support.
- A close below...
http://mfame.guru/monthly-panamax-technical-report/