U.S. Dollar / South African RandEducation
Petrol Price Indicator - South African Consumers
Weekly Chart
We need to close below the 12.99, lower wick of candle
11.6.2018. we will have to overcome some trendlines
as you can see from this weekly chart as well as the 38.2%
Fibonacci retracement.
There is further support 12.73-12.89 (the grey block),
Let’s worry about that later, one battle at a time.
Daily Chart
The daily chart closed lower again (a good thing for
the suffering SA consumers)
In the support the pink trendline, lower wick of
the candle of 13.6.2018. Let’s hope we can
break this support a.s.a.p.
We need to close below the 12.99, lower wick of candle
11.6.2018. we will have to overcome some trendlines
as you can see from this weekly chart as well as the 38.2%
Fibonacci retracement.
There is further support 12.73-12.89 (the grey block),
Let’s worry about that later, one battle at a time.
Daily Chart
The daily chart closed lower again (a good thing for
the suffering SA consumers)
In the support the pink trendline, lower wick of
the candle of 13.6.2018. Let’s hope we can
break this support a.s.a.p.
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