Your Morning Market Podcast 02 June 2017

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In this mornings report Sasol & Mondi

Good Morning,

Below we look at the charts of Sasol & Mondi discussed in this mornings podcast.

Sasol

Broke down below its short-term support, first target is R366.70. Weakness in brent crude prices should support more downside.

Sasol Chart.gif

 

Mondi

Came off slightly due to the firmer Rand, expecting further weakness down to the bottom of our channel if Rand remains firm.

Mondi LTD Chart.gif

 

 

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Musa Makoni | Trading Specialist at GT247.com

Wishing you a profitable day of trading.

 
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Your Economic Calendar for the day

06/02/2017 01:00 AU HIA New Home Sales MoM
06/02/2017 05:00 JN Consumer Confidence Index
06/02/2017 08:30 UK Markit/CIPS UK Construction PMI
06/02/2017 09:00 EC PPI MoM
06/02/2017 09:00 EC PPI YoY
06/02/2017 12:30 CA Labor Productivity QoQ
06/02/2017 12:30 CA Int'l Merchandise Trade
06/02/2017 12:30 US Revisions: Trade (2014-16 will be revised)
06/02/2017 12:30 US Change in Nonfarm Payrolls
06/02/2017 12:30 US Trade Balance
06/02/2017 12:30 US Two-Month Payroll Net Revision
06/02/2017 12:30 US Change in Private Payrolls
06/02/2017 12:30 US Change in Manufact. Payrolls
06/02/2017 12:30 US Unemployment Rate
06/02/2017 12:30 US Average Hourly Earnings MoM
06/02/2017 12:30 US Average Hourly Earnings YoY
06/02/2017 12:30 US Average Weekly Hours All Employees
06/02/2017 12:30 US Labor Force Participation Rate
06/02/2017 12:30 US Underemployment Rate
 
 
 
 
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