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Dry Cargo Shipping Analysis - brief refresh

Weekly closing 2084. As long as you see in the attached chart, that the corresponding lines of bigger size vessels, are higher than the smaller ones (ie any bigger size, higher earnings than the smaller one), there is no reason of concern.

Would remind you that there is a GAP in the chart around 1365, which sometime has to be filled but so far enjoy upward momentum, and we don't have any hurry at all for any retracement, do we?
Seasonal downward move starts sometime in November, and usually continues in a strong bearish momentum during December. Good resistance of around 2200 still holds.

Stelios Lazaris, md Maritime Investments A.G. Zurich