Baltic Dry Index

The Baltic Dry Index is in quite a slump. The index has now fallen for 28 consecutive sessions, its longest decline in six years, and is down 49% from its recent high. The Baltic Dry Index is a key barometer of the shipping industry and its recent decline stems from concerns about the cooling of...

2009 was a terrible year for international business; however, 2010 is shaping up to be quite good. Trade through southern Florida’s ports is surging, up nearly 18% since the start of the year as Latin American trade partner economies are reenergized. During the first four months of the year, total...

I believe that the Index is getting close to a reversal point. A natural one would be at the 0.382 Fibonacci value of 4914.66. The settlement on 191109 was 4661 with a rise of 18 points. However the Baltic Capesize Index [BCI] dropped 187 points to 8056. On the 20th the BCI continued its...

For 3.5 months the Baltic Dry Index [$BDI] has maintained a meandering course down a Descending Channel [DC] that started to form after the Index topped out at 4291 in a failure to break out above the Ascending Channel [AC] that was started back in December of 2009. The life of the AC was extended...