Research: Nepi Rockcastle, Japanese Currency Index, Nikkei 225, Platinum v Brent Crude, Sasol, Amplats, USDZAR

Research: Nepi Rockcastle, Japanese Currency Index, Nikkei 225, Platinum v Brent Crude, Sasol, Amplats, USDZAR

Research – 04 June 2019

Lester Davids, Unum Trading Desk

 

Chart Link
1 Nepi Rockcastle plc: Taking a medium term perspective, the share’s technical indicators suggest potential for the commencement of a trend from around current levels. Year to date, a base has been built, with the 200-day moving average being tested on several occasions. During yesterday’s trading session we saw the price attempt to   to break above two levels: the downward trend line that has been in place since 19 February as well as it’s 200-day moving average. The RSI, which trades with a print of 62 is strong and has historically been seen as a buy/long signal. Daily Chart https://www.tradingview.com/x/WupBxdDU/
2 Japanese Yen Currency Index (JXY): A re-post of the chart highlighting the Yen as a beneficiary of a global risk off scenario. Price now at level (1) minor resistance. A possible tiny bounce for equities before we see level (2) being tested? https://www.tradingview.com/x/2BFNW7pb/
3 Nikkei 225: If we do see some Yen weakness, as alluded to above, this may help the Nikkei 225 find an ultra short term bottom. 15-min chart view. https://www.tradingview.com/x/JOxy29Zj/
4 Platinum v Brent Crude: Relative to Brent Crude, Platinum may have run too hard. The chart is a 15-min timeframe hence it is a ultra short erm view. Possibly a small move lower on the pair. https://www.tradingview.com/x/Nlo8FqHD/
5 Sasol: RSI suggesting that the share is ready to break back into the bull zone. We may consolidate for a short while (base) before the move up. 15-min chart. https://www.tradingview.com/x/ZpcIFEKy/
6 Anglo American Platinum: I am not suggesting we can’t go higher however we have had a massive rebound from R645 to R741. It is possible that we retreat only slightly. Watch the RSI for a loss of support. Additionally, the MACD is printing a bearish divergence on 15-min.  https://www.tradingview.com/x/zar98QR6/
7 USDZAR: Strong move lower on ZAR, driven by USD weakness. 15-min. Monitor RSI and MACD attempting to break back into bullish zone. Could see us back above 14.53 to 14.59 in short term. Now 14.45.  https://www.tradingview.com/x/1v6It0a0/

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