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BDI

IMPP: Potential Bullish Consolidation In Certain ShipownersWith BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector. I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and has potentially formed a Double Bottom with Bullish Divergence above the previous level of resistance. Given that it focuses on Oil and owns Ships, I think it can start rising with the Baltic Dry Index, especially if we get more demand for oil in the coming months.
NASDAQ:IMPPLong
by RizeSenpai
Teekay Tankers: Bullish Cup with Handle Targeting $61.82Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle pattern here to try and play for a measured move breakout up to around $61.82.
NYSE:TNKLong
by RizeSenpai
Bitcoin and BDIWhat is the Baltic Dry Index (BDI) and what does bitcoin have to do with it? The index is a tool for measuring business activity in the world, and actually tracks the cost of shipping in the world by different classes of ships. Why does an investor or a mid-term trader need it? It can be used to forecast the demand for international maritime transportation, as well as business activity in the economy. You can see on the chart that the index actually predicted a covid collapse in 2020, and in 2008 the index also reflected the crisis in the economy with its fall, but with a slight lag. Today we can see that the index is in a local uptrend, on the breakdown of the downtrend, after the rebound from the bottom in February, based on the past behavior of the index, we can conclude that the uptrend should continue in order to continue the economic growth. What does bitcoin have to do with it? Bitcoin by its class belongs to the risky assets, I would even say to the super risky assets. Its movements in the market largely coincide with the U.S. stock market, especially to the small capitalization shares (small cap), this class of shares grows when investors do not see threats to their investments and there is a so-called risk on, risky investments are more sensitive to the economic situation. This year on the chart we see that bitcoin supports the local growth of the index, but also with a lag, as the growth of bitcoin began before the rebound in the index. Conclusion - the BDI index, will be useful to understand the economic situation in the market, and to understand the mood of investors to choose a strategy for investment or to enter the long / medium term position. Support for the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
INDEX:BDI
by Kirill_Gaitan
BDI - Baltic Dry IndexWassup moving goods arouund... Oops, not happening. China? Nope, re-opened for 61 Hours and closed up again. No more Honey for the Money. Increasingly more stringent lockdowns... but hey. Facism rules the planet. Go get some. _____________________________________________________ The Baltic Exchange's main sea freight index extended its slide on Thursday to hit the lowest in more than six weeks, hurt by falling rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 68 points, or 2.8%, to 2,342 points. The capesize index fell 88 points, or about 3.6%, to 2,369 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $737 to $19,643. China's coal imports dropped in May after a strong rebound in the previous month, official data showed on Thursday, as cheap domestic sources and weak demand due to Beijing's zero-COVID curbs dented appetite for overseas cargoes. The panamax index dropped 73 points, or 2.7%, to 2,674 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased by $659 to $24,064. Dalian and Singapore iron ore futures slipped as traders continued to worry about weak profits at Chinese steel mills, with fresh COVID alerts in Shanghai and Beijing adding to concerns. The supramax index lost 58 points to 2,527 points. (Reuters - Reporting by Rahul Paswan; Editing by Vinay Dwivedi)
INDEX:BDI
by HK_L61
1
Crude Oil - Baltic Dry Index RatioThe Chart is extreme Price Ratio behavior within the WTIC to BDI Ratio. Extreme is relative to TIME, as the ROC is quite robust. And yet it remains at a mere fraction of its prior high @ 1.232. ______________________________________________________ Price is going to make a very large move in Crude Oil @ minimum $10 and perhaps far more. Recently we have seen this Ratio indicate the Sell at an extreme. _______________________________________________________ The UAE Droeb attack news on a Holiday did very little to move Price. However, events such as attacks upon Oil Fields tend towards moving Price up $10 in hours as it did last time. ________________________________________________________ There is an opportunity for those with a strong stomach.
NYMEX:CL1!
by HK_L61
1
RCL | About to make Grand Supercycle Wave 2: TP 107.50 SL 40.00RCL | Thailand SET Index | Transportation Sector | Possible Wave 2 of Grand Supercycle - TP 107.50 Stop Loss Conservatively 40.00 (EMA200) First Buy: 44.00 Second Buy: golden cross EMA10 Third Buy: cross up EMA20 or breakout downtrend channel of trade Key indicators: > Truly aggressive Banker Share Volume turned green and Smart. > BBD signal about to cross up 0. > Smart Money and Bottom > All-time high BDI index
SET:RCLLong
by dukeposh
Baltic Dry Index UpdateThe Baltic Dry Index Continues to soar following my call for a breakout at 3,200ish (July 2021). I think the BDI remains a good indicator right now for a few reasons: 1. From a technical perspective, it is behaving exactly as expected (hence the call from 3,200 - it was an easy read) 2. The breakout and move higher is consistent with a bottleneck in global shipping 3. The #bullish price action is yet another harmonious variable in my view of the global macro repricing; although I am still treating the idea of "re-pricing" as a theory. I am going to not this as a continued long until we reach the 4,700 threshold; at that point, we can reassess.
INDEX:BDILong
by ChiefMacro
2
DSK breaking 52 weeks highSince Jan 2021, the price has been up trending. Rejection seen at $5.20 on 2 June with spike in volume, but the volume on the following day is roughly 25% of 2 June, suggesting exhaustion of supply. The next few days saw a rally up to break 52 weeks high. There may be a reaction to pull back around $5.20, but otherwise could be a good entry if you like break out trades. If price can stay above 5.40, next target might be around $6.45 or beyond $9. The nearest support is at $4.80.
NYSE:DSXLong
by IcySilver
SBLK opportunity to enter long?This is a marine shipping company based in Greece that specialises in commodity bulk shipping. It has been in steady uptrend since Feb 2021. Interestingly on 3 May, there was a spike in volume to push the price into the range between $20.50 to $23.30. Although there was a pull back to $18.40, but prices has since moved up from 7 June onward. If price can sustain above $23.30, which is also the 52 weeks high, next target is around range of $40. The nearest support is at $20.60.
NASDAQ:SBLKLong
by IcySilver
Have we missed the ship?This company operates a fleet of dry bulks transporting commodities. This stock break up from range between $14.80 to $17 on 9 June with slightly higher than usual volume. As the price has broken out from range, there is higher probability of a retest around $17 but if price stays above $18, the next target is $24 or beyond. Will be interesting to see price movement next few days. The nearest support is at $18 if more conservative, else would be around $17.
NYSE:GNKLong
by IcySilver
Interesting asset to watch: Baltic Dry Index (BDI)INDEX:BDI Baltic Exchange Dry index is showing some signs of bullish reversal. Despite the fact that Buy/Sell Zones on a weekly chart is in the red zone, historically this setup led to a increase in price. First Long trade target may be 1600 and up to 0, 0,5 and 1 Fib. I may assume, that some selling pressure may be met near 0 Fib, so be sure to place your Stop-loss in the safe zone, if anticipated uptrend is legit. Invalidation may be crushing the 900 zone. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
INDEX:BDILong
by randomname11
tracking the Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. BDRY is an ETF that trades on the Baltic Capesize Time Charter-Base Ticker for each sequential month. To check out a chart of the Baltic Dry Index, I suggest using StockCharts.com to look up $BDI .
AMEX:BDRYLong
by dorfmanmaster
$CTRM Bases at Support for Next Leg Up PPS Target Still $8.00+Algoritmic Entities Brought Castor down to the $6.00 support earlier today and bounced it off it nicely after which NSDQ known for driving the stock up or down accumulated shares at that level and begun slowly pushing the stock up on bid. I do believe she is ready for the next leg up and have accumulated all I could. Remember the stock started trading on the NASDAQ in Feb of this year and has already had 4 major spikes. I anticipate another one should be coming within the week given the Baltic Dry Index has been on a tear since Feb. I also anticipate more updates from the company since it is newly trading and just launched their major ship in March. Happy Trading!!!
NASDAQ:CTRMLong
by StockGuild
$CTRM Turning $6.50 Resistance into Support Heads towards $8.50$3.96 Mil in Revenues $980K In Net Income $9.6 Mil in total assets for 2018 with only 149K in total liabilities for 2018 O/S: 2,400,000 Float: 500,000 1. New contract recently for 11k a day in revenue for 8 months 2. 50% of the O/S is locked 3. Restrictions on owning more than 14% of the O/S implemented by management to protect shareholders. 4. Low float 500,000 O/S 2.4 mil 5. Freshly brought on to the NASDAQ Feb 11th. 6. The huge pop from $4.89 to $18.99 on the 11th of March was more than likely due to the recent contract news. Then flippers sold it back down to bottom at $4.00 where it’s steadily increased back up. 7. Filings go all the way back to April 11th of last year even though the actual ticker hasn’t been made public until last month. So I’m assuming maybe some news on the one year anniversary of when filings dropped. Petros Panagiotidis 27, is the founder of Castor Maritime Inc. He has also served as the Chairman of the Board and has served as our Chief Executive Officer and Chief Financial Officer since our inception in September 2017. Mr. Panagiotidis has been involved in shipping and investment banking for more than 5 years, during which he has held various positions in finance, operations and management. He has graduated with a Bachelor's degree from Fordham University in International Studies and Mathematics and he earned a Master of Science degree from New York University on Management and Systems with a concentration on Risk Management. Dionysios Makris, Secretary and Class B Director Dionysios Makris, 37, is a lawyer and a member of the Athens Bar Association since September 2005. Mr. Makris is based in Piraeus, Greece and is licensed to practice law before the Supreme Court of Greece. He practices mainly shipping, commercial, real estate and company law and has substantial involvement both in litigation as well as in transactional work with the Macris Law Office, where he has worked since September 2011. He holds a bachelor of laws degree from the University of Athens and a Master of Arts Degree in International Relations from the University of Warwick, United Kingdom. Georgios Daskalakis, Class A Director Georgios Daskalakis, 28, has been a non-executive member of our Board since our establishment in September 2017. He has spent all of his professional life in the shipping industry. From May 2013 to January 2015, he was an insurance officer at Minerva Marine Inc. From January 2015 to March 2017, he served as a tanker operator at Trafigura Maritime Logistics PTE Ltd. He is currently a Commercial officer of M/Maritime Corp. in Athens, Greece. He holds a Bachelor's degree from Babson College with a concentration on Economics and Finance and Master of Science degree in Shipping, Trade and Finance from the Costas Grammenos Centre for Shipping, Trade and Finance, Cass Business School, City University of London. Castor Maritime Inc. Announces Time Charter Contract for MV Magic P with Oldendorff Carriers Limassol, Cyprus, March 14, 2019 – Castor Maritime Inc. (NASDAQ: CTRM), (the “Company”), an international shipping company specializing in the ownership of dry-bulk vessels, today announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P. The gross charter rate is US$ 11,250 per day, for a period of a minimum of five (5) months up to a maximum of about eight (8) months (for the first 30 days period the daily gross rate is US$ 9,000). The charter commenced on March 12, 2019. The “Magic P” is a 76,453 dwt Panamax bulk carrier built in 2004 in Japan. All things being equal, this employment is anticipated to generate approximately US$ 1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$ 2.60 million should employment be extended to its maximum period. We cannot guarantee that any such extension will occur. BALTIC DRY INDEX: As can be seen by the below image the Baltic Dry Index has crossed over on the MACD for the first time in almost a year. The PARSAR is also about to flip and it has been on a steady uptrend since February. I predict a slow and steady uptrend in it back to 1,500 by Summer and a possible break to 2,000 by EOY, which should enable Shipping stocks to 5x-10x their current PPS
NASDAQ:CTRMLong
by StockGuild
1
$CTRM $3.9 in Revs $980K in Net Income $9.6 Mil in Assets1. Recently acquired a new contract for 11k a day in revenue for 8 months 2. 50% of the O/S is locked 3. Restrictions on owning more than 14% of the O/S implemented by management to protect shareholders. 4. Low float 500,000 O/S 2.4 mil 5. Freshly brought on to the NASDAQ Feb 11th. 6. The huge pop from $4.89 to $18.99 on the 11th of March was more than likely due to the recent contract news. Then flippers sold it back down to bottom at $4.00 where it’s steadily increased back up. 7. Filings go all the way back to April 11th of last year even though the actual ticker hasn’t been made public until last month. So I’m assuming maybe some news on the one year anniversary of when filings dropped. 8. The Baltic Dry Index has found support since the start of March and has slowly been making its way back up. I expect 1500 by Summer and the possibility of 2000 by EOY investorshub.advfn.com
NASDAQ:CTRMLong
by StockGuild