n connection with the release of Golden Ocean's third quarter 2017 results in the morning (CET) Tuesday November 21, 2017, a teleconference/webcast will be held as described below.

Teleconference and webcast
A conference call will be held at 03:00 P.M. CET (09:00 A.M. New York Time) on Tuesday November 21, 2017. The presentation will be available for download from the Investor Relations section at www.goldenocean.no (under "Presentations") prior to the teleconference/webcast.

For å oppsummere: "in the morning, CET (central european time) 21.11. Da antar jeg at det vil være noe likt som forrige gang.

Herlig å se shorterne kjempe for ørene nå, og gjøre det man kan for å holde den under støtten på 62.-. I morgen kommer GOGL til å fortelle dere hva som er realiteten i shipping fremover, selv om fru Vartdal alltid er svært nøktern i sine uttalelser. Da er det bare å ta på seg shorterskoene å løpe det raskeste man kan.

I morgen blir det en fin GOGL dag, minst like fin som idag:-)

Lykke til i morgen alle trofaste GOGL-aksjonærer.

Her er det en som har skjønt det! Takk skal du ha Kjepet:)

Ser ut som det siger inn hos dem over dammen også, 63,50!

Dagen i dag ble som forventet en veldig god dag! Enig med Kjepet, morgendagen er det bare å glede seg til - lykke til alle sammen! :-) Jeg tror som nevnt i går at i dag hadde vi siste dag med mulighet til å handle GOGL lavt på 60 tallet:-)

DnB Markets sier følgende om GOGL i sin morgenrapport, hvor de også skriver hva de forventer i EBITDA:

"Golden Ocean legger frem Q3 tall i dag. Her venter vi en EBITDA på USD 23 mill mot konsensus på USD 28 mill. Videre venter vi signaler om at selskapet vil være tilbake med utbytte for Q4 2017. Før eventuelle justeringer har vi en kjøpsanbefaling med et kursmål på NOK 83 pr aksje. Kursen stengte i går på NOK 62.65 pr aksje."

Fasit ble noe helt annet da vi kan lese følgende fra GOGL sin rapport:

"Adjusted EBITDA of $40.4 million for the third quarter of 2017 compared with $29.7 million in the second quarter of 2017 and $8.6 million for the third quarter of 2016."

GOLDEN OCEAN GROUP LIMITED: GOGL - THIRD QUARTER 2017 RESULTS

08:15


Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the Company or
Golden Ocean), a leading dry bulk shipping company, today announced its
results for the quarter ended September 30, 2017.

Highlights

Net income of $0.4 million and earnings per share of $0.00 for the
third quarter of 2017, compared with net loss of $12.0 million and loss per
share of $0.10 for the second quarter of 2017 and net loss of $26.7 million
and loss per share of $0.25 for the third quarter of 2016.
Adjusted EBITDA of $40.4 million for the third quarter of 2017 compared
with $29.7 million in the second quarter of 2017 and $8.6 million for the
third quarter of 2016.
Entered into agreement to sell six Ultramax vessels.
Took early delivery of one Capesize newbuilding and took delivery of
the remaining three of the14 modern dry bulk vessels acquired from Quintana
Shipping Ltd. (Quintana) earlier this year.
Raised $100 million in capital through a $66 million equity offering
and a $34 million equity in-kind contribution as partial consideration for
two modern Capesize vessels acquired from affiliates of Hemen Holding Limited
(Hemen).
Terminated the covenant waivers related to the Companys recourse debt.

Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management
AS, commented:

Golden Ocean returned to profitability in the third quarter of 2017 and
significantly improved the operating cash flow in an improving freight
environment. The Company has taken a series of steps to maximize its market
leverage by focusing commercial efforts on the vessel segments we believe
provide the greater exposure to a recovery in the dry bulk shipping market.
The Companys financial position has also been enhanced significantly over
the past twelve months following improved operating results, strategic asset
sales, and the equity issuance completed last month.

Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, commented:

We are pleased to report that Golden Ocean has been able to terminate waivers
on its recourse debt and return to normal financial covenants as well as
removing restrictions on new acquisitions, new debt and dividend payments one
year ahead of the timeline the Company previously agreed to with the lenders.
With our strong cash balance and continued debt amortization payments, our
balance sheet should continue to strengthen. This provides us the financial
flexibility with respect to the majority of our free cash flow to pursue
additional opportunities and build shareholder value.

The Board of Directors
Hamilton, Bermuda
November 21, 2017

Questions should be directed to:

Birgitte Ringstad Vartdal: Chief Executive Officer, Golden Ocean Management AS
+47 22 01 73 53

Per Heiberg: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45

The full report is available in the link below.

Forward Looking Statements

Matters discussed in this report may constitute forward-looking statements.
The Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements, which include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which are other
than statements of historical facts. Words such as believe, anticipate,
intends, estimate, forecast, project, plan, potential, may,
should, expect, pending and similar expressions identify
forward-looking statements. The forward-looking statements in this report are
based upon various assumptions. Although we believe that these assumptions
were reasonable when made, because these assumptions are inherently subject
to significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, we cannot assure you that
we will achieve or accomplish these expectations, beliefs or projections. The
information set forth herein speaks only as of the date hereof, and we
disclaim any intention or obligation to update any forward-looking statements
as a result of developments occurring after the date of this communication.

In addition to these important factors and matters discussed elsewhere herein,
important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions, including fluctuations in charter hire rates and
vessel values, changes in demand in the dry bulk market, changes in our
operating expenses, including bunker prices, drydocking and insurance costs,
the market for our vessels, availability of financing and refinancing,
changes in governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation, general
domestic and international political conditions, potential disruption of
shipping routes due to accidents, political events or acts by terrorists, and
other important factors described from time to time in the reports filed by
the Company with the Securities and Exchange Commission.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


GOGL Report Q3 2017
http://hugin.info/132879/R/2151016/825738.pdf

---------------------------------------
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golden Ocean Group Limited via Globenewswire

GOLDEN OCEAN: BÄTTRE ÄN VÄNTAT RESULTAT 3 KV - TABELL

08:21
2017 2017 2016

3kv 3kv 3kv

Mln USD Utfall INQ Diff Utfall

==============================================================

Justerat ebitda 40,4 31,1 +30% 8,6

Rörelseresultat 10,1 7,7 +31% -16,4

==============================================================













Differensen i tabellen avser skillnad mellan utfall och analytikers snittförväntningar enligt Inquiry Financial.




Avvikelsen i procent tar inte hänsyn till eventuella skillnader mellan redovisade jämförelsestörande poster och förväntade jämförelsestörande poster, förutom där resultatet uttryckligen är justerat för engångsposter










Kristine Trapp +46 8 5191 7927
Nyhetsbyrån Direkt

Capesize FFA Commentary:
Another positive day for the bigger ladies with rates pushing in both oceans for both time charter and voyage fixtures. The paper market gradually edged higher as well with the December contract changing hand numerous times at 18500, the Q1 moving up above 12000 and the Cal 18 trading at 14350 and 14400. The curve remains capped in the short term as doubts remain over the longevity of the physical push and December being a notoriously fickle month. However, the lack of sellers for the January contract tells a story and in time, one feels that the forward curve will lift higher should the physical hold at these levels.

64 usle kroner etter å ha levert et superkvartal :/

SEB mener at Golden Ocean er godt posisjonert for å dra nytte av enhver fremtidig styrking i markedet, og viser til rederiets flåte og balanse. Meglerhuset mener imidlertid at konsensus-anslaget er urealistisk sterkt, og mener at aksjen er for dyr.

Marshall reduserte shorten sin med ca. 175' aksjer i går. Antallet aksjer synlig short er nå 4 266 377 (3,01%).

Og det fikk de dekket gjennom MSI til en snittkurs på 62,36.
Dette innsynet har børsen bestemt at vi ikke skal ha lenger.
Slik får de fortsette å manipulere kursen uhindret!

Noen som hørte på presentasjonen i dag?

GOGL:VIL VURDERE UTBYTTE ETTER NYBYGGLEV., AVHENGIG AV MARKED -VARTAL

15:34
Oslo (TDN Finans):Golden Ocean vil vurdere å betale utbytter når rederiet har tatt levering av nybyggene og ikke har ytterligere driftsinvesteringskostnader.

Det sier konsernsjef Birgitte Ringstad Vartdal i Golden Ocean i forbindelse med rederiets kvartalskonferanse tirsdag.

-Men dette avhenger av hvordan markedet utvikler seg, sier hun.

Knyttet til dette sier finansdirektør Per Heiberg at å ha en fast utbyttepolitikk er svært vanskelig i et marked som er så volatilt som tørrbulkmarkedet.

Videre opplyser Vartdal at rederiet vil ta opp mer periodekontraktsdekning dersom ratene kommer videre opp, men poengterer at de ikke vil ta mer dekning ved dagens rater.

Hvordan ville bunnlinja til GOGL se ut om BDIen lå på rundt 3000 i snitt for et helt kvartal ? La oss si at inntektsforholdet mellom skipsklassene er som i dag. I et historisk perspektiv er jo ikke 3000 så høyt. Hadde vært artig om noen gjorde seg noen tanker om potensialet i aksjen under en slik forutsetning...

Headlines fra en oppdatering PAS sendte ut nå i kveld:

Back in offence
Golden Ocean Group delivered third quarter results fairly in line with consensus this morning, returning to black numbers on an unadjusted basis. The report itself did not bring any major news, but the quarter has been eventful both in terms of financial and operational decisions. We believe the recent share price plateauing offers a good entry point to the market leader, expecting firm momentum into 2018 when the drybulk market is facing two years of unprecedentedly low fleet growth. BUY TP NOK 90 reiterated

Increasing revenues and ship days
Q3 was very much in line with our estimates, both in terms and of EBITDA and adjusted net results. The top line did however come in slightly higher than expected, but was offset by some higher TC-in costs relating to short term charters. Going forward we expect Q4 to come in stronger than Q3, driven by both a firmer rate environment and full quarter utilization of vessels delivered in Q3. We make some minor estimate changes on the back of the recent fleet changes, with positive result in 2018 (less interest and depreciation due to ultramaxes) while negative change for 2019 (only lower revenue from net fleet reduction).

A stronger balance sheet – in a very interesting position into 2018
The company saw its balance sheet strengthened through the quarter as a result of divestment of some of its ultramaxes and an equity issue of USD 100m. The equity issue were largely the reason the company was able to lift its covenant waiver restrictions, with debt amortization now returning to normal. Management commented during the conference call that the company ‘will strongly consider dividends’ if the market is there to support positive cash flow after debt repayments, and we expect a small commencement here from 2018.

No major estimate changes
While we acknowledge that the drybulk market is heading into a period of lower demand growth; fleet growth below 2% for two consecutive years still provide a very compelling backdrop. With rates already above parity and still only modest signs of newbuilding activity we believe second hand values can continue to rise – with Q1’18 now seemingly starting off on a positive note. Maintain BUY TP NOK 90/USD 11

Contact analyst(s)
Analyst(s):
Eirik Haavaldsen, +47 24 13 21 20, eirik.haavaldsen@paretosec.com
Fredrik Stene, +47 24 13 21 36, Fredrik.Stene@paretosec.com

Det er kanskje litt tidlig å drømme om BDI i 3000 allerede nå. En interessant akademisk diskusjon kanskje. Uansett er Gogl en aksje man må ha i noen år for å høste den største nedfallsfrukten.
Hva som kan få store følger for all shipping, er SO-drivstoffrestriksjonene fra 2020. I tillegg snakkes det om NOx.
Jeg tror mange redere kommer til å sitte på gjerdet i redsel for å bestille feil type skip, og at vi kan få for få skip i forhold til behovet rundt 2019/20.
Historisk er det for mange skip i forhold til behovet, men med de nye restriksjonene vil trolig mange vente med å bestille nye skip til de ser hva som blir den beste løsningen.
Skrekkscenariet for redere er å måtte sende skipet tilbake i tids- og pengekostbar drydock for refitting/ombygging når skipet er ferdig, fordi de har valgt et dårlig design. Så de venter. Og da kan vi få "omvendt" balanse i tilbud og etterspøsel, som gjør at ratene igjen går bananas om et par år.
Tror jeg.

Malmen stiger friskt i dag, med 2,78 %til 498. Vi må 2 mnd tilbake siden vi har sett slike tall. Og det er på lite volum, merkelig nok.

GOGL:NORDEA HØYNER KURSMÅL, J.P MORGAN FASTHOLDER POSITIVT SYN

09:26
Oslo (TDN Finans): Nordea Markets hever kursmålet på Golden Ocean-aksjen til 80 kroner fra tidligere 76 kroner, og gjentar kjøpsanbefalingen.



Det går frem av en rapport onsdag.



Selv om resultatet for tredje kvartal var over forventningene, inneholdt det lite nytt, ifølge meglerhuset, som er positive til utsiktene i tørrbulksegmentet og tror Golden Ocean vi bli lønnsomme igjen neste år, etter fire utfordrende år med tap.



Vi forventer at selskapet vil være i en posisjon til å betale bærekraftige utbytter fra tredje kvartal 2018 og fremover, og pensler inn 0,22 dollar pr aksje for 2018 og 0,42 dollar pr aksje for 2019, heter det i rapporten.



J.P. Morgan peker også på en positiv rapport, drevet av lavere kostnader, men gjør ingen endringer på kursmål ettersom meglerhuset i utgangspunktet hadde nokså optimistiske estimater. Meglerhuset påpeker at døren er åpen for implementering av utbytte igjen i 2018.



Analytikerne i J.P. Morgan estimerer capesize rater på 18.000 dollar i fjerde kvartal, og betrakter verdsettelsen av Golden Ocean som attraktiv, og beholder dermed kursmålet på 11 dollar pr aksje.










HB, finans@tdn.no
TDN Finans, +47 21 95 60 70

Indeksen fortsetter i riktig retning:

BULK:BALTIC CAPESIZE 4TC +1,8% TIL USD 21.404/DAG
Oslo (TDN Finans): Baltic capesize 4TC stiger 1,8 prosent til 21.404 dollar pr dag, melder Bloomberg News onsdag.

Baltic capesize 4TC rapporteres til en fast differanse som er 1.064 dollar lavere enn den nyere Baltic capesize 5TC-indeksen, som inngår i Baltic Dry-indeksen.

HH, finans@tdn.no
TDN Finans, +47 21 95 60 70

Takk for oppdateringen! WOW!! Superbull news, vi blåser over 70 igjen anytime!!

q4 må bli helt sinnsyk!

Med utsikter til en halv dollar, og kanskje mer neste år i utbytte, så er det nok mange som sikler etter aksjene deres.
Hvorfor selge på dagens kurs, når de fleste har kursmål på 80-90 kroner?

Takk for oppdateringen. Herlig med et par dager uten stokkepryl til lunsj.

"Negativt utbytte
Ved utbetaling av utbytte er det den som shorthandler som skal betale utbytte til den som låner ut aksjene."

Noen ganger greit å vente til registeret er oppdatert for dagen:-) Marshall reduserte shorten med i overkant av 260' aksjer i går. Den synlige shorten er nå 4 003 517 (2,83%).

Shorteren har englevakt og kan dekke seg inn på lave kurser. DNM sto klare til å forære han en kjempegevinst. Rett og slett helt på trynet av DNM (men ikke overrasket).

Ja, nettopp derfor bør de begynne å bli litt svett :)
Yankeen må vel også finne fram kalkulatoren etterhvert. De er jo glade i utbytteaksjer.

Vi følger US, og kun 1.500 solgte aksjer var nok til å sende kursen fra $ 8,07 til $ 7,99 i løpet av 1 min og 19 sekunder. Da var total omsetning der 32.477. I Norge var det omsatt godt over 1,4 mill aksjer, Allikevel er det så lett å manipulere kursbildet i Norge!

Da er det bare og kjøpe i USA og kjøre opp kursen og selge på OSSE kan Meglerhusa holde på så har vel vi lov og .kjøpe i slutthandelen på 8:50§ da skulle vi opne på 70 i morgen.lol

Det skal ikke så mye til for å manipulere kursen, men man må ha både realtime, ordredybde samt litt kløkt.
Alt dette skulle en tro de som forsøker å lokke av dere dyrebare Gogl-aksjer for en billig penge besitter.

Morgan Stanley er ute med en oppdatering på GOGL etter 3Q17-fremleggelsen i går. De har en kjøpsanbefaling med kursmål $9,50 og skriver skriver blant annet følgende:

"Golden Ocean Group
Time For Dividends
MORGAN STANLEY & CO. LLC

Stock Rating - Overweight
Industry View - In-Line
Price Target - $9.50

GOGL reported better than expected 3Q results. With all debt restrictions lifted and a profitable market, GOGL is now ready to pay dividends. As the largest dry bulk player, we expect GOGL to maintain its valuation premium with the market looking beyond the winter weakness."

De mener også at GOGL vil kunne gi et greit utbytte basert på en 50% EPS payout, og skriver blant annet følgende om dette:

"Following the resumption of ordinary quarterly amortization and the termination of the cash sweep starting in 4Q, we estimate GOGL's cash breakeven at $12-12.5kpd or $1.6k below its EPS breakeven. Under our base case, we forecast GOGL's NTM free cash flow per share exceeding $1.15 assuming average Capesize rates of $21.5kpd. During this period, we conservatively model GOGL paying out $0.37, based on 50% EPS payout, although we see highly likely a full cash flow distribution."

Det er også verdt å merke seg at de har et kursmål på $16 på GOGL i et bull case, og om dette skriver de følgende:

"Bull $16
12-18 month fwd EV/Fleet Value: 110-115%
NAV: $12-13/sh
DPS: $1.00
Steel and iron ore prices rise further, driving iron ore freight rates from Australia to China to $10-11/ton. Strong Chinese demand and rising commodity prices, coupled with shrinking fleet supply, accelerate recovery. Capesize and Panamax rates rise to $30kpd/$17kpd respectively allowing GOGL to return to profitability by the end of 2017. GOGL is using its stock as a currency to expand further. Asset values increase another 15-20% from our base case, and GOGL's NAV rises to $12-13/sh. GOGL is able to pay a dividend of at least $0.90-1.10 (at 50% EPS payout)."

Fotis Giannakoulis
EQUITY ANALYST

Ole Slorer
EQUITY ANALYST

Er nok den mest ærlige analysen til nå.
Men hvorfor skal Gogl ekspandere mer? Vi har en mulig oppgangsperiode på 2-3 år foran oss. Skal da pengene gå til innkjøp av nye skip, som vil stupe i verdi om 3 år?
Nå er det på tide aksjonærene får igjen for sin tålmodighet, og der tror jeg gamle John er enig med meg.
Når gjeld og utgifter er betalt, bør resten gå til aksjonærene. Så 80% EPS payout bør ihvertfall være på sin plass.
Blir det pengemangel i neste nedgangstid, så kan de som vil, være med på nye emisjoner.
Ikke umulig at vi kan se utbytte på $ 1,50 i løpet av ett år. Kanskje ikke så mye i 2018, men ihvertfall 2019.

Takk skal du ha Sa2ri:)

Nå må vel 68 ryke når morgen sier kjøp

70 før fredag kl 16:25

Som dere ser går prisen f.eks på armeringsjern futures (rb1801) til himmels om dagen. I morgen brytes kanskje 4000 grensen. Det er kjempemarginer nå og etterspørselen er stor. Prisen på jernmalmen pleier å korrelere ganske bra med stålprisene, men nå har vi et brudd opp på stålet. Dette kommer til å presse prisene og etterspørselen på malmen opp. Renere malm må til og dette skal fraktes ifra Australia og Brasil (innlandsgruvene er kraftig redusert).

GOGL ble solgt ned på frykt, i tillegg til shorten kraftig, og til slutt dumpet helt ned til 58.- av en desperat Netfondskunde. Nå bør det ikke være noen tvil om at frykten for kollaps i jernmalm demand bør være borte, eller sitter folk fortsatt på gjerdet og venter? Om gjerdet er fullt av usikre sjeler, hva skal til for å se at bulk har en strålende fremtid (2-3 år fremover)?

Folk kommer nok ned fra gjerdet for fullt først når utbytteutbetalingene kommer i gang vil jeg tro. Det er vel også da man fullt ut vil få priset inn økningene i skipsverdiene. Sammen med et godt ratebilde får vi da en herlig Goggencoctail som gir uttelling for tålmodigheten :)

Iron ore er oppe 2,94%
Coking Coal er oppe 3,20%

EWS COMMODITIES REPORT / ANALYSIS OIL & ENERGY WORLD ECONOMY STOCK MARKET NEWS





Home / Shipping News / Dry Bulk Market / Capesize Market to Rally Until at Least the First Quarter of 2018 Says Shipbroker
Capesize Market to Rally Until at Least the First Quarter of 2018 Says Shipbroker
in Dry Bulk Market,Hellenic Shipping News 23/11/2017


Despite a looming iron ore imports’ curb from China, shipbrokers like Cotzias Intermodal Shipping appear to be optimistic about the medium-term prospects of the Capesize market. In its latest report, the shipbroker did mention that “China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world combined. Beijing’s war on smog has concentrated on the country’s steelmaking hubs near the capital where mandated cuts of as much as 50% came into actual effect last month. The Chinese government announced that it would shut about a third, or around 1,000, of the country’s iron ore mines which struggle with average grades of only around 20% iron ore content”.

According to the shipbroker, “Chinese imports of high-quality iron ore fines and lump ore from Australia, Brazil and South Africa topped 100m tonnes for the first time in September, but plunged by 23% last month to 79.5m tonnes as steelmakers work through inventory amid lower production. Total shipments for the first ten months of the year is up 6.3% to 896m tonnes. Iron ore spot markets rose strongly again yesterday, the price for benchmark iron ore 62% fines, jumped by 1.4% to $63.47 a tonne, adding to the 1.7% gain achieved on Friday last week. As a result of the back-to-back gains, it now sits at the highest level since September 27”.
Mr. Christopher T. Whitty Commercial Manager with Cotzias Intermodal Shipping says that “we see strong positive signs that restrictions on steel production in China are now fully in force and are crimping iron ore demand from local mills. Chinese authorities have enforced steel production cuts between mid-November and mid-March 2018 in an attempt to improve air quality in northern Chinese provinces during winter. In general, there are concerns that against weakening demand from steel mills, the increase in China’s iron ore production might lead to less import appetite, weighing down on seaborne prices to a certain extent”.

However, according to Mr. Whitty, “in any case we have a positive outlook. Capesize rates, which since August have recovered to their strongest levels in three years, are likely to retain their underlying strength until at least the first quarter next year. Average earnings for Capesize ships, which typically haul around 180,000 tonnes of iron ore, are around $26,350 per day, compared with $8,208 per day last year. Overall iron ore cargo volumes also grew by 4 percent last year compared with 2 percent growth in the capesize fleet in 2016. Charter rates on key routes such as the Western Australia-China route fell to $7.64 per tonne on Wednesday last week against $8.31 per tonne the week before. Rates hit $8.98 per tonne on Oct. 17, the highest since November 2014. Freight rates on the route from Brazil to China slipped a bit to $18.25 per tonne on Wednesday, from $18.41 a week earlier. They marked $19.60 per tonne on Sept. 25, still the highest since November 2014. Looking at the big picture there is a strong momentum building up”, he concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide

Fra PAS sin Shipping Daily i dag:

"Positive sentiment is continuing for capesizes, with Asian fixtures done at consistently higher levels than last done. We find the FFA development for January to be very positive, with the paper now trading above USD 14,000/day – up some USD 2k/day over the past week. Also steady for smaller bulkers."

Tror det kan bli en god dag for GOGL:-)

For ikke mange ukene siden var FFA for januar på under $10.000 (som jeg synes virket helt urimelig). At den nå er over $14.000 bør sende GOGL godt over 70.- innen kort tid (1-2 uker).

Arctic handler 100k askjer første timen,,,

Ja, for ikke å si nesten 200k :-)

DNM kunden(e) har kastet alle kortene og har solgt stort fra 58.- til 63.-. Nå lemper de ut igjen. Shorterne, som har dekket seg inn mye i samme periode, og nå ARC er evig takknemlige.

Edit 10:40: Ny forsvarsattack i fra MSI på støtten (rundt 67,80.-), akkurat som ventet. Vil det vare denne gangen? Jeg tror folk nå er ferdige med å gi bort aksjene sine til denne kursen. Nå er det snart på tide med "hanken", som har blitt forskjøvet i tid på grunn av usikkerheten rundt situasjonen i Kina i vinter.

Dry Bulk FFA: Capesize In Bullish Phase
in Dry Bulk Market,International Shipping News 23/11/2017


In a market range, but technically bullish. Upside moves that make fresh market highs will create a bearish divergence and market buyers should remain cautious on bullish breakouts because of this.
• Dec – The fresh market high has put the Dec futures in bullish territory. However we are now seeing a bearish divergence in the market and this would suggest we could soon see another corrective phase.
• Cape Q1 18 – A bullish technical that is already reacting to the bearish divergence in the market. Caution on a close below USD 11,157.
• Cal 18 –Like the Q1 18 futures the Cal 18 is technically bullish but reacting to a bearish divergence in the market. Caution on a close below USD 13,883.
Capesize Index

Support – 20,626, 19,893, 17,929
Resistance – 22,631, 27,866
Weekly stochastic in overbought territory
Daily stochastic at 32
The Capesize index is currently range bound but remains in a bullish technical phase, based on higher highs and higher lows. The stochastic is looking weak and not matching price action and this would suggest that if we see an index print above USD 22,613 it will almost certainly result in a bearish divergence. Not a sell signal this does suggest that upside momentum is slowing and market buyers should keep risk tight. Caution on market pullbacks below USD 20,626 as this will increase the probability of a lower high forming and the index entering into a longer term corrective phase.

Capesize Dec 17 Daily

Support – 16,270, 16,035, 15,550
Resistance – 18,525, 18,729, 19,007
Daily stochastic is at 73
The new high close on the 20/11/17 triggered a bearish divergence with the stochastic. Not a sell signal it does warn of weakening momentum and has resulted in the Dec futures making a lower daily close. Divergence aside the fresh market highs have put the technical back into a bullish trending environment, and at this point a market pullback is expected to produce a higher low. Downside moves that close below the USD 16,270 support would neutralize the current upward move, and increase the probability of a lower high forming, and a potentially more sustained corrective phase.

Capesize Q1 Daily

Support – 11,157, 10,983, 10,220
Resistance – 11,957, 12,451, 12,757
Stochastic is at 80
The Q1 18 futures continue to make higher highs and higher lows and remain in a bullish trending environment. The recent ne high close has resulted in a bearish divergence forming. This does not mean the market top has been achieved, but it does suggest the current upward wave is entering a corrective phase. Downside moves that close below the USD 11,157 support would suggest that this could be more than a corrective wave within a bull trend, and increase the probability of a lower high forming.

Capesize Cal 18 Daily

Support – 13,883, 13,791, 13,340
Resistance – 13,465, 14,567, 14,829
Stochastic is at 73
In essence the Cal 18 technical is very similar to that of the Q1 18. The fresh market high has resulted in a bearish divergence and the bull technical has entered into a corrective phase. Downside moves the close below the USD 13,883 support would weaken the technical and increase the probability of a lower high forming. However downside moves that hold above the current support level would suggest upside continuation. Technically bullish but in a corrective phase.

Source: Freight Investor Services (FIS)

Capesize FFA Commentary:
Another positive day for the big ships as the Atlantic continues to edge higher and the paper remains at a discount to the spot. Some good volume changed hands today as buyers gained confidence. We are now at the years high’s for the December contract and the technicals suggest that the upward momentum is starting to wane. An interesting end to the week is in store if the IOS continues in its journey to the moon.

+4,3% på Cape nå :) Kanskje vi kommer til et tall vi ikke har sett før?