BDI Baltic dry index positiveThe world shipping movement indictor is postiove and give strength this is good for the world economic & Market
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BDI trade ideas
Baltic Dry - Danger ZoneOne of the key indices which usually show prices of global freights and how they are trending..
Sadly they have been trading downward..and that isn't a good sign..its bounced from this level multiple times and with chinna opening we need it to bounce again else its panic stations..The only time its fallen below has been COVID in the recent past..
There are often 2 reasons for its fall
1) Glut of ships in the ocean (I doubt this has happened)
2) Low demand for shipments. (Seems like the problem)
If There is a low demand for shipment there can usually be 2 main reasons
1) Production is shifted to local sources (Can't really happen with Europe power prices + global coal/gas prices)
2) We reallly do have a massive slowdown in consumption.
IF this slowdown in consumption doesn't reverse we could be heading for a recession..and that is not a good sign..
There is no trade here but its always a way to check the global trade demand scenarios.
BALTIC DRY INDEX BREACK THE SUPPORTThe very important index baltic dry index, is brack the suppot of last 2 year, the next suppot laevel is around in March 2020,
This is very danger Globel Economy #investingclubs
