Still bullish above 244, a break below this price will see decline to below 150.
Oil is heading to below $50, only thing keeping this stock bullish is the decline in the ZAR.
Should USD roll-over which we dont expect, USD is in correction for more upside, We are looking at 99 + on the DXY.
We have very low growth forecast for 2022, Foreign direct investments into SA to decline substantially over the next business cycle, I still believe we will be hit very hard with inflation, the Eurozone will be hardest hit by all Developed countries, Sit tight 2022 is going to be one to remember.
We are in the last month of the year, its time to reduce risk on your portfolio and start looking at defensive options to protects against a surge in inflation locally.
China PMI numbers anf forecast is looking bleak, Australia to suffer the most, We favor XXXJPY shorts for the remainder of the year
Oil is heading to below $50, only thing keeping this stock bullish is the decline in the ZAR.
Should USD roll-over which we dont expect, USD is in correction for more upside, We are looking at 99 + on the DXY.
We have very low growth forecast for 2022, Foreign direct investments into SA to decline substantially over the next business cycle, I still believe we will be hit very hard with inflation, the Eurozone will be hardest hit by all Developed countries, Sit tight 2022 is going to be one to remember.
We are in the last month of the year, its time to reduce risk on your portfolio and start looking at defensive options to protects against a surge in inflation locally.
China PMI numbers anf forecast is looking bleak, Australia to suffer the most, We favor XXXJPY shorts for the remainder of the year
