SSY Weekly Technical Analysis Update – 14th July 2026

After the sharp rise between 26 June and 7 July Capesize August rates took a pause. Upward momentum remains and a tentative uptrend is in place. Now that the market has traded above the previous high of $35,600 that level becomes support. A key indicator to watch is OBV which is neutral at the moment – any signs of divergence from the upwards market trend here would be a cause for concern. Similarly, for RSI approaching the overbought threshold of 70 — a breach would signal the rally may be overextended.

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