Breakouts: 30 October 2020
I take a look at Satrix40, Shoprite, Crude Oil and USDZAR.
STX40 (Satrix40)
Breaking down from the sideways channel.
SHP (Shoprite)
After a great move up, price has moved below the support. Now a lower high and lower low has been printed. Event forming an inverse cup and handle pattern. Not good.
CL (Crude Oil)
Rolling over.
USDZAR
Rejected by 16.15 for a higher low. Need the higher high at 16.66.
Long term is weakness seen by the 200MA. In the short and medium term this currency pair is difficult to predict.
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