Shipping and Oil prices to converge
February 11, 2022 Leave a comment
The coming convergence between the prices of the Baltic Dry Index (BDI) and West Texas Intermediate (WTI) Crude Oil.
There have been 2 distinct divergences between the prices of these two prices over the past 30 years.
We are in amongst one of them now.
I’ve recently written about the ‘satisfied’ lows in the BDI and only days ago, cited Overbought conditions in the WTI as its poised on a ‘support’ line.
My bet is that shipping prices rise again and the price of oil moderates.
February 11, 2022
by Rob Zdravevski
rob@karriasset.com.au
About Rob Zdravevski
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