Tuesday, January 7, 2014

The Baltic Dry Index - Long Term Elliott Wave Structure

The Baltic Dry Index tracks the cost of shipping dry bulk resources such as coal, iron ore, and other materials. The sharp upturn the last year in the Baltic Dry Index suggests that China’s resources trade has begun a new uptrend.





























Source: Elliott Wave Technician

A large a,b and c correction completed in the Baltic Dry Index. The index shows that the transport of dry cargo is improving from depressed levels. The bottom was made with positive divergence on the technical indicators.

An upturn in transport of cargo means increasing demand for commodities and goods. China is....


This is an extract from Elliott Wave Technician December 2013 Investment Newsletter. The newsletter includes long term and intermediate Elliott Wave analysis of the Shanghai Stock market and other key Asian markets.

Our investment newsletter identified the bottom in the Baltic Dry Index real time when it turned up in early 2013. See more by subscribing to our investment newsletter here.

Geir Solem

Elliott Wave Technician
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