SSY Weekly Technical Analysis – 6th October 2026

Capesize November broke below the $44,300 resistance level (the high from 26 August) on 25 September, when the Bollinger Bands were tight. The breakout to the downside was sharp, trading almost entirely outside the Bollinger Bands on 29 September before tracking the band for the next four trading days. All indicators remain bearish, but early divergence is emerging: MACD is narrowing toward its signal line, and RSI printed a higher low on 5 October than on 29 September despite lower prices. The next support level is $37,700 (the low from 4–5 August); any recovery will meet resistance at $44,300, then $47,500.