The Baltic Dry Index is considered a leading economic indicator. It tracks tracks worldwide international shipping prices of various dry bulk cargoes. If the economy is active there should be higher demand for the transportation of bulk commodities.

I’ve slapped on a couple of rough support/resistance lines – if we can get back into the “normal” range and stay there it would be a bullish signal.

This entry was posted on Thursday, May 7th, 2009 at 9:38 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.