Cape Index starting the year strong, second highest start to the year in 5TC history. Forward curve (dotted line) also well above most years on 5TC record. #capesize#panamax#shipping#commodities#china $bdry
Cape 5TC Index is now the seasonally strongest on record. About to be eclipsed by the 2023 year end rally. But strong nonetheless! #capesize#panamax#shipping#commodities#china $bdry
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Cape consolidation around 25k continues from last week. Perhaps a bit of weight from moving averages overhead. 24k previous support, now 24,875. #capesize#panamax#shipping#commodities#china $bdry
Capes finding a bit of support past few sessions around the 24k area. Now trading just above 25k. Are we feeling bullish or bearish into Q4? #capesize#panamax#shipping#commodities#china $bdry
Capes up a monstrous $3,300 on the session and back near contract highs. It seems bulls rested up over the weekend 🐂
#capesize#panamax#shipping#drybulk#china $bdry