A HAPPY & PROSPEROUS
LUNAR NEW YEAR!
For Week 5 the Clean Tanker index pushed down to fix at 649, barely through our 650-675 support thoughts.
For now the index is only just outside its recent range, so we’ll watch for the 650-675 zone to show any weakness in previous support.
In Week 5 the Dirty Tanker index slipped off Week 4’s rest and dropped to a 843 fix by Friday.
Some downside support may be developing around the low 700s area but it’s early days yet, and the index has yet to show any decent recovery from the January dive.