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This overview provides an analysis of the economic indicators affecting various markets on July 31, 2012. It discusses the bearish trends in Brent Crude Oil, Copper, and precious metals like Gold, Platinum, and Silver. The performance of the US Dollar against the Euro, GBP, and JPY are highlighted, along with the implications for investors. It also examines South African Rand movements against major currencies. The JSE indices showcase bullish trends in Top 40 and Mid Cap indices while noting the performance of mining sectors. Key opportunities and potential investments based on current market conditions are also explored.
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Money Matters: Technical Market Overview 31 July 2012
Economic Indicators • Brent Crude Oil • Copper Price • Gold-$ • Platinum-$ • Silver-$ • US$ versus Euro • US$ versus GBP • JPY versus US$
Brent Crude Oil Resistance Resistance / Support Support Bearish
Copper Price Resistance Resistance Support Support Bearish
Gold-$ Resistance Resistance Support Support Bearish
Platinum-$ Resistance Resistance Resistance Support Support Bearish
Silver-$ Resistance Support Support Support Bearish
Economic Indicators • Brent Crude Oil - Bearish • Copper Price - Bearish • Gold-$ - Bearish • Platinum-$ - Bearish • Silver-$ - Bearish • US$ versus Euro • US$ versus GBP • JPY versus US$ Bearish
US$ vs Euro $ Weakness / Euro Strength Support Support Resistance Resistance Resistance $ Strength / Euro Weakness US$ Strength
US$ vs GBP $ Weakness / GBP Strength Support Resistance Support $ Strength / GBP Weakness Resistance US$ Strength
JPY vs US$ JPY Weakness/ $ Strength Support Support Support / Resistance Resistance JPY Strength / $ Weakness Resistance US$ Weakness
What can we learn? • US Dollar • Strong against EUR • Strong against GBP • Weak against JPY Bullish
Local Market • Gold Rand • Platinum Rand • Rand vs US$ • Rand vs Euro • Rand vs GBP
Gold Rand Resistance Resistance Support Support Bullish / Neutral
NewGold ETF Resistance Support Support Bullish
Platinum Rand Resistance Resistance Support Support Bearish
Rand vs US $ Support Rand Weakness/ US$ Strength Support Resistance Rand Strength / US$ Weakness Rand Weakness
Rand vs Euro Rand Weakness/ Euro Strength Support Resistance / Support Support Resistance Rand Strength / Euro Weakness Rand Strength
Rand vs GBP Support Support Rand Weakness/ GBP Strength Resistance Resistance Resistance Resistance Rand Strength/ GBP Weakness Rand Weakness
What can we learn? • Gold Rand • Bullish / Neutral (Testing resistance) • NewGold ETF? • Platinum Rand • Bearish • Rand weakness vs USD vs GBP • Testing Resistance – Strengthening? • Rand strength vs EUR • Testing Resistance – Further strength? • Inflationary - Oil and food Imports? • Rand Hedge Shares? • Opportunities?
Gold Mining Index Platinum Mining Resource 20 Index Financial 15 Index Industrial 25 Index Market Indicators • JSE Overall Index • Top 40 Index • Mid Cap • Small Cap • Alt-X Index
JSE Overall Index (Weekly) Resistance Support Bullish
JSE Overall Index Resistance Support Resistance / Support Support Bullish
Top 40 Index Resistance Resistance / Support Support Bullish
Top 40 Index Bullish/ Overbought / Accumulation / Underperforming
Mid Cap Index Bullish/ Overbought / Accumulation / Outperforming
Small Cap Index Bullish/ Overbought / Accumulation / Outperforming
Alt-X Index Bearish / Oversold / Distribution / Underperforming
Small Cap Index Bullish Overbought Accumulation Market Outperforming Alt-X Index Bearish Oversold Distribution Market Underperforming What can we learn? • JSE Overall Index • Bullish (New Highs) • Top 40 Index • Bullish (Testing New Highs) • Overbought • Accumulation • Underperforming • Mid Cap Index • Bullish • Oversold • Accumulation • Outperforming Bullish
Market Indicators • Gold Mining Index • Platinum Mining • Resource 20 Index • Financial 15 Index • Industrial 25 Index
Gold Mining Index Divergence Bearish / Oversold / Accumulation / Underperforming
Platinum Mining Index Divergence Bearish / Oversold / Distribution / Underperforming
Resources 20 Index Divergence Bearish / Oversold / Distribution / Underperforming
Financial 15 Index Bullish / Overbought/ Accumulation / Market Outperforming
Industrial 25 Index Bullish / Overbought/ Accumulation / Market Outperforming
Fin 15 Index Bullish Overbought Accumulation Outperforming Industrial 25 Index Bullish Overbought Accumulation Outperforming Summary • Gold Mining Index • Bearish • Overbought • Accumulation • Underperforming • Bullish Divergence • Platinum Mining • Bearish • Oversold • Distribution • Underperforming • Bullish Divergence • Resource 20 Index • Bearish • Overbought • Underperforming Bearish Bullish
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