As I work up more tech analyses, my commentaries will be more coherent. For the moment, here’s a short timeline of my recent thoughts on $CPLP.
2016-09-12 10:41 AM CPLP
As expected, CPLP has hung around in the general zone of 3.50 -3.75 range as previously mentioned.
It remains to be seen how the recent weakness in medium-range tanker rates maintains this range.
2016-07-22 3:06 PM CPLP
At last time of writing (Jun 15), $CPLP announced charter rate reductions on several vessels
as part of the Hyundai (HMM) restructuring. The effect has been profound, of course and we may see a heavier consolidation of support in the 3.15 – 3.25 area. Any further upward motion, say 4.00 or more, could see that support pegging around 3.50 – 3.75.
2016-07-15 10:10 PM CPLP
Observations remained unchanged as CPLP ground its way up to the 3.15 area this past week. This is a pretty tight range to be offering opinions on, but at least some confirmation of previous ideas was seen.
2016-07-09 11:21 AM CPLP
It would appear CPLP is building some support around the 2.80 mark, but previous rests and/or pullbacks have not borne out any reason for longer-term bullish thinking, reflecting the market as a whole, of course. However, the climb to the 3.00 region around June could give some staying power at that price.