Oil has come under pressure over the last few months but has now traded down to just above a rather significant support level. The $71.71 level (give or take) has been rather significant since early 2020 when it was resistance. Since then, it has turned into support, and now Brent has come down to test it as support once more. Our thinking is that it would be a...
We've seen this kind of setup before. Usually these can be rather good topping patterns. Should the US500 fail to break above the black line indicated and go on to print a new all-time high, we would target the black trend line that coincides with the purple support/resistance level. Wait and see... but our call is that we get a proper correction here.
Interesting perspective here on Sasol.
We use a weekly chart and show how that downward sloping trendline has changed from resistance to support.
Could this finally be the changing the tide?
Well, those who have followed our blogs over the last few years would know that we are somewhat (really) bullish on Bitcoin. yes sure, it will be a wildly bumpy ride, but if you have some, just keep em!
Anyway, this chart shows a potential breakout move to new highs. Wait for the flag formation to break higher before you have confirmation, but in our view this is...
We are climbing on the bus a little early with BTI. The stock has recently broken above the 200-day moving average, which serves as a great longer-term trend indicator. Thus, we are taking a small long position here, ungeared, with the view to hold it for the next 12 or so months.
