Monday, October 25, 2010
Chart of the Day - The Baltic Dry Index
The Baltic Dry Index is trapped in a huge triangle with a negative long term bias simply underlined by the falling SMA200. This should be an indication of slow world economic recovery that keeps warning on the potential of a second dip if the index slices through the uptrend rising since December 2008.
Labels:
Commodities,
Macroeconomics
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