SASOL on the ledge
Considering the Brent Crude OIL downward trend from June 2008, overall.
We can see that there was a break in the trend recently, showing bullish signs. However there stil is the horizontal resistance at 85 level.
On SOL side there is agressive bullish action, but limited to the brent crude oil price movement, if the oil price can breach the 85 resistance level then, one can confidently take the LONG position on SOL and head for target at R355 level.
If the Brent crude oil resistance is not breached, then there is a possibility that the Short position will be in effect and a retracement to the R232 level can be expected.
(Not trading advice, just opinion)
We can see that there was a break in the trend recently, showing bullish signs. However there stil is the horizontal resistance at 85 level.
On SOL side there is agressive bullish action, but limited to the brent crude oil price movement, if the oil price can breach the 85 resistance level then, one can confidently take the LONG position on SOL and head for target at R355 level.
If the Brent crude oil resistance is not breached, then there is a possibility that the Short position will be in effect and a retracement to the R232 level can be expected.
(Not trading advice, just opinion)
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.