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Capes…of good hopes???

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John Faaclas at ADR

The BDI (Baltic Dry Index) ended up today at 1,201 points thanks once again to the as ever volatile, but now predictable Capers! Geopolitics continue in the same pace: turbulent. John Faraclas’ daily briefing:

The 77 plus points since yesterday on the BDI is not to be taken as an upwards market as all other dry indices fell or remain the same.

The Capes’ BCI was up 266 points now standing at 1,668 points.

The Panamaxes’ BPI was down 23 points and might go below the 1,300 point threshold…

The Supras’ BSI remained at 1,022…

The Handies’ BHSI lost three and now stands at 626 points…

Ponce again we warn you: one size DOESN’T CONSTITUTE A MARKET!

The Wets again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 635 and 554 – down one and up 16 points respectively.

The WTI, although still in early stages, now reads  US$ 69.12 – a very dangerous level as numerous times have said that the maximum should be US$ 49.99; otherwise expect total mess.

The Geopolitical front is more than turbulent; we have warned you to be on alert. All  main issues remain the same – in some cases like the periphery of the Middle East, people, if they remain must learn to live in the inferno of death!

That’s all for today, have a nice evening and be on guard for any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean…

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