Jim Letourneau's Blog

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Baltic Dry Index Up

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.

Baltic Dry Index