A break lower could target +/- 40.00
#Capitec close to testing TL support as 1325.35 provides minor resistance.
Targets are now 185.10 and possibly 171.90
$62.45 needs to hold or we could see a drop to around $61 next.
Would be normal to see the Gold price test breakout after such a big move. Not all doom and gloom with the metal just yet..
CCO is currently trading at the bottom of the range.
Testing the top of the range currently.
FBR had formed a falling wedge pattern and is now close to a breakout - we will have to wait and see in which direction!
Amplats had already broken out but certainly boosted by solid results earlier today.
Silver on the brink of a double breakout - (1) has to break its downtrend and (2) needs to break horizontal resistance at 15.60 to confirm.
Brent has broken out from a small triangle and has filled the gap. Above TL support now.
After numerous attempts, Gold finally closes above $1340. Should target $1375 now and a break of that level will be huge IMO.
$1340 proving to be tougher resistance than might have been initially expected.
DRD failed the first time and fell to below 3.00. Has since rallied all the way through to a new breakout attempt and is now targeting 3.60. Clearing 3.60 should open up more upside thereafter.
The candles in this graph (bodies) clearly highlight how the bears push the closing price below $1340. A break to the upside from here targets the next big level of - $1375