Breakouts: 30 October 2020

I take a look at Satrix40, Shoprite, Crude Oil and USDZAR.

Breakouts: 30 October 2020

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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