Hardly any movements .... Trade War Fears Linger

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Derek  5 Jul 2019

Good Morning,

While the U.S. markets were closed for a public holiday, the rest of the world markets hardly had any movements.

Lets look at a few. The Hang Seng +0.04% with a doji on my trend line.

The Nikkei -0.03% also with a doji. Markets are uncertain while the trade war fears linger.

JSE Technical:
The JSE continued its correction.

Exxaro Resources closed with a doji on the 50 day moving average. The heatmaps are starting to show oversold territory.

After its correction, PSG started moving sideways between two resistance lines. It is also in semi-oversold territory.

Always remember: "The market moves on greed and fear". The current fear is the Trade-War.

You must have a great weekend.
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