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Is the BDI about to lift off…?

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John Faraclas

The BDI (Baltic Dry Index) ended up the day with a dozen points plus and now stands safely above the 1,400 threshold; Geopolitics become crucial. John Faraclas’ midweek market briefing:

The BDI, thanks to all its indices – except the Handies ended  up at 1,413 points today – a good 12 points reviving hopes for a good ending of the year…

The Capers’ BCI was up 43 points at 3,298!

The Panamaxes  were up after quite a long time falling to dangerous levels, gained six points with the BPI now reading 1,281 points.

A double plus figure for the Supras’ BSI now standing at 875 points – up 19!

The Handies’ BHSI as mention in the preamble was the only dry size to lose; one point down is one point down. So let’s see if it moves above the current 624 points- we doubt it…

The Wets were stuck; the last published BDTI (Dirties) and BCTI (Cleans) stood at 827 points – no change since yesterday and at 595 one points plus respectively.

The WTI so long as it is rising will not get any sympathy from our side…

The Geopolitical front maintains the main issues which get worse all the time: the  despicable Migrants case for which the infamous politicians and their cronies bear the stigma of the blame; the Wide Wars in the Middle East; Turkey, Greece and Cyprus; the tinder box called Balkans might erupt… BREXIT still an ongoing saga and the Budget today was quite a surprise! The opposition if does a serious job for the benefit of all must have far better alternatives!  Germany still without a government and that’s becoming very serious. Will Mrs. Merkel make the leap forward?

That’s all for tonight and be on guard for any eventuality deriving from Pirates and Terrorists looming in the background all over Planet Ocean…

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