by Dave Walker
Taking a dive in Week 24, the Clean Tanker Index fixed at 491 after a 16-point decline. Previously of course, we had opened our big mouth and remarked on the lack of channel break-out signs.
A 662 fix marked an upwardly mobile Week 24 for the Dirty Tanker Index. Seemingly taking another tilt at our 675 – 700 resistance, the index took a 17-point surge from a small gap up at the open.
With all the Dirty Tankers’ slightly bullish signs, we await another test of our Week 15 675 – 700 resistance ideas. Another failure may mean a return to the sideways wandering of recent months.