Baltic Dry In­dex May Rise More to 756

The Economic Times - - Commodities Plus -

Baltic dry in­dex may rise more to 756 in a week as it has cleared a re­sis­tance at 646. The re­sis­tance was pro­vided by the 38.2% Fi­bonacci re­trace­ment on the fall from the Au­gust 5, 2015 high of 1,222 to the Fe­bru­ary 10, 2016 low of 290. The next re­sis­tance will be at 756, the 50% level.

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