Small movements .... Zuma Factor!

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Derek  18 Oct 2017

Morning,

International:
Small mixed movements are the order of the day in all markets. I show the FTSE100 in the UK. Notice that the index is against strong resistance while in overbought territory.



After Apple broke its negative trend line, it is still moving strong positively. I show these trend lines and where FrontRunner and MACD broke up.



JSE Technical:
With unpredictable Zuma still around, our markets remain volatile. His latest announcements made the Rand tumble again. It looks like he is getting his plans in place to stay for a loooooong time.

Newwave USD is a share that follows the Rand/$ currency. It always amazes me that announcements that influence the Rand happens on support and after a doji.



With the Rand dropping, Sappi also made a J-curve on support.



Enjoy your day.
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