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South Africa Top 40 Index

JSE Resources Showing Strength Again

By SteynTrade
Since 2016 the JSE has been declining relative to the S&P 500 but December has shown a change in character with the JSE consolidating while the S&P 500 declined. The Resources sector has been leading the charge and trading in a strong upward channel. In December the resource has reacted to the demand line and is showing strength going into 2019.
jsejsej200jsej210jsej211jsej212Supply and DemandSupport and ResistanceTrend Lines
SteynTrade
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