USDZAR: At current levels, the price trades at it’s recent highs with the 15.33 level being a key resistance zone. The price remains above a rising 50-day moving average suggesting a strong upward trend.
JSE Top 40 Index (Spot): The index has regained and held the key 48000 level. Provisionally, 48809 is seen as a resistance zone while 48141 is support. Look for potential re-test of 48100-48200 before a move higher.
S&P500 Futures (e-mini): The price, at current levels, is trending toward the trend line support extending back to 03 June. The 50-day is starting to show a downside bias with the 2939 level again acting as a resistance zone. RSI weak with a 40 reading.
US equities under-performing the rest of the globe.
Silver Futures: Time to re-enter the silver long? Price retracing toward and finding support on it’s upward trending 50-day moving average. Trigger will be break of downward channel. Contact the trading desk for levels.
GBPJPY (Pending Trade Setup) – Look to buy at the prior breakout level of approximately 129.40 to 129.70. TP of 132.80 and SL of 128.30