GT247.com Trading Blog

Your Morning Market Podcast 13 July 2017

Written by GT247 Trading Desk | 13 Jul 2017

 

Looking at Mondi Ltd and Platinum Technicals

Mondi Ltd:

Failed to break to the topside and has subsequently come off on the back of strengthening Rand. Expecting more downside to the first support level of R324.20 if Rand continues to strengthen.

 Source: Bloomberg 

Platinum:

Broke down and closed below support level for 2 consecutive sessions. It has reversed back within initial triangle but we are not expecting a breakout to the topside just yet.

Source: Bloomberg 

 

Wishing you a profitable day of trading.

 

Musa Makoni | Trading Specialist at GT247.com

Follow @Makoni_Henry

Wishing you a profitable day of trading.

 
 
 

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