SSY Weekly Technical Analysis – 4th August 2026

Capesize August has established a strong upward momentum since the last report as shown by all indicators. With the contract trading at new highs there are no historical technical resistance levels. The only real sign for caution is RSI which will soon (likely today) be over the 70 overbought threshold. Last time RSI crossed over 70 the uptrend stalled and prices plateaued in a range of $34,000-$35,600 from 7 July to 14 July before a sharp drop.

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