$BDRY Breakwave Dry Bulk #ETF: Week 27 commentary.

by Dave Walker

BDRY profile: ”The Fund’s investment objective is to provide investors with exposure to the daily change in the price of dry bulk freight futures, before expenses and liabilities of the Fund, by tracking the performance of a portfolio consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes that measure rates for shipping dry bulk freight.” Source: drybulketf.com

$BDRY Forward Freight Agreement weighting: Capesize: 50%, Panamax: 40%, Supramax: 10%.


Taking a strong leap to close at $15.02, $BDRY gained strength in Week 27 with the surge of optimistic sentiment in dry bulk shipping.

The MACD rode along with the upward wave, finally reaching past its zero point into the positive as the RSI pushed yet further into peakish country at 96.30.

With this gap-up and strong surge we haven’t said goodbye to our $12 – $14 resistance ideas from Week 18 yet, although a continued strong showing by $BDRY may consolidate and turn this zone into support. Some consolidation would calm our indicators down a little and possibly lead to another step in the dry bulk stairway. For now, let’s enjoy the ride.


For further insight on financial freight futures, pay a visit to https://cotunchained.com/ for Commitment of Traders data on SupramaxPanamax and Capesize positions.


Baltic Dry Indices: Week 27 commentary.


Baltic Supramax Index, Week 27 2019.


Baltic Panamax Index, Week 27 2019.


Baltic Capesize Index, Week 27 2019.


*Disclaimer: superiormar.com holds no stock in $BDRY.


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