SSY Weekly Technical Analysis – 25th August 2026

Capesize Cal 27 is on a long-term uptrend with strong momentum. The only cause for concern is RSI well above the overbought threshold at 70. Whilst it’s not unusual for this contract to spend extended periods over 70, as highlighted in previous reports, RSI is in uncharted territory now at a record high, with the most recent price rally being particularly strong. An RSI of 89.1 would typically be considered a strong warning of an overextended move, regardless of the contract’s historical tolerance for overbought conditions. If there is a correction the contract will find support at $30,800, where the rally took a brief pause 17-18 August, and $29,700, the low from 7-12 August.

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