It seems that SASOL is ripe for a turn higher.
Today (Dec 6th) price turned in a BUY zone between R267 - R273.
As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit)
Target 2 longer term is R370 (30% profit)
TRADE STRATEGY
Aggressive entry - Buy the open price of SOL on Dec 7th or around R280
Conservative entry - wait for retest of price below R275
STOP LOSS - below R265 (5-6%)
BRENT CRUDE OIL
Possible turn today @ $80 for run higher which also bodes well for the Sasol analysis
Today (Dec 6th) price turned in a BUY zone between R267 - R273.
As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit)
Target 2 longer term is R370 (30% profit)
TRADE STRATEGY
Aggressive entry - Buy the open price of SOL on Dec 7th or around R280
Conservative entry - wait for retest of price below R275
STOP LOSS - below R265 (5-6%)
BRENT CRUDE OIL
Possible turn today @ $80 for run higher which also bodes well for the Sasol analysis