Well and truly trending down. Looking highly likely that the next stop is 14.50.
INDX:DXY (Dollar Index)
Weekly chart here. The dollar is showing a double top and trending down. Both moving averages are pointing down. Might be KO for king dollar but as always be careful forex and commodities can turn on a dime.
On the weekly chart. Trending up. Would only worry below 17. Similar story with FOREX:GBPZAR below 19.
On the daily. Still struggling to break above 40700.
COMM:CL (Crude Oil)
Daily chart, well on the way up.Broke through resistance and looking to continue.
Only below 1777 should we worry. Still holding well.If it breaks up which I think it will - be ready!
Trending up. Cup and handle break recently. Very good.I will be looking to add.
Losing steam. In danger of rolling over indicated by moving averages now pointing down.
INDX:DJT (Dow Jones Transport Average)
Whipsaw break below the trendline. Below 12000 is bad news. It is just giving us a warning for now.
INDX:JTOPI (JSE Top40 Index)
Well and truly in the upward trajectory.
JSE:SBK (Standard Bank)
Sorry 2 incorrect highs - from data provider. However the cup and handle has broken and as long as the rand is strong against the dollar this stock strength looks to continue.
JSE:CCO (Capital and Counties)
Golden cross incoming. We need a bot more evidence but the bottom might have just been locked in.
You know...yeah you know what good looks like.
JSE:STXFIN (Satrix FINI)
Dependent on USDZAR but this perpetual loser is now looking OK.
Looking excellent. Planned to buy but never triggered my entry - sometimes you just got to override and pull the trigger on the buy.
Same old story for many other financials...good. For now.
Break to a new high. The 200MA is looking a straight line to the sky.
US:EZA (iShares South Africa ETF)
Looking from a US perspective - South Africa ETF not looking half bad.
New high locked in.
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