LNG shipping stocks: Still in the highest resistance area

Last week, the UP World LNG Shipping Index (UPI) lost 1.24 points or 0.80%, closing at 154.60 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 2.93%. You can find both indices in the image below. Despite a decline, UPI is …

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