Ø The Baltic Dry Index may breakdown in near term as the MACD triggered a sell signal.
Ø It is trading marginally above the 200-day EMA but a decline below the 200-day EMA is likely to trigger a wave of selling.
Ø Further weakness is expected as the Stochastic Oscillator has trended lower.
Ø This is likely to have a negative effect on the Shipping stocks.
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