GE Shipping - Potential fresh breakout
Despite the cuts in productions..the tanker market suddenly has turned very hot again..
charters are happening at much higher rates than June bookings.
GE could potentially benefit from the same going ahead.
Long above 743 with a stoploss below 710..
Only buy the breakout + I will keep strict stoplosses here coz crude production is down so logically prices should've fallen but strangely the opposite has happened.
charters are happening at much higher rates than June bookings.
GE could potentially benefit from the same going ahead.
Long above 743 with a stoploss below 710..
Only buy the breakout + I will keep strict stoplosses here coz crude production is down so logically prices should've fallen but strangely the opposite has happened.
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