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The BDI@710 – take it easy…

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John Faraclas

The BDI (Baltic Dry Index) closed up 22 points since yesterday at 710, offering a breathing space after weeks of falling and failing results and also surpassing the 700 points threshold! The Geopolitics though are getting far worse and will definitely influence the Markets – both Dry and Wets. John Faraclas daily report:

The Capers gained 64 points and the BCI 2014 reached the 620 points; nice one…

The Panamaxes dropped ten with the BPI now reading 923 points.

Supras making waves with the BSI on a 18 points plus at 707…

Handies’ BHSI also up five points and now reads 387.

The Wets with mixed feelings; the last published BDTI (Dirties) and the BCTI (Cleans) at 850 – minus 12 and at 596 – up 10 points respectively.

The WTI at US$ 53,46…

The Geopolitics are simply getting worse in all fronts, full stop and period.

Have a nice evening and be on guard as terrorists continue their despicable acts in Baghdad, in Kabul and many more places.

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