Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Current Price Action & Moving Averages Spot Gold is currently trading at 5,014.99 , showing a near-term correction following a significant peak and subsequent lower highs. Short-Term MAs (Momentum Shift):  Price has recently broken below the tightest cluster of fast moving averages. This indicates a loss

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value.   The blue and red  horizontal lines on the chart  represent a ne

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (Sunday 15 March): War Trades: Coal Exposure Middle East conflict escalations have triggered a violent repricing in the global energy complex. On the back of this, coal has surged. Our coal exposure has been via Thungela Resources where the share recently reached our extension target of R14

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. The dashboard is intended exclusively for ACTIVE trading clients (trades placed through the Unum Capital Trading Desk within the last 10 trading sessions ). To activate a trading relationship, please contact lester@unum.co.za . Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za At the time, 4 out of the 5 shares we rated as approaching sell/reduce. We have since seen the index reverse sharply. Previous Post (27 February): JSE Banks: Momentum Dashboard 🟢🟡🔴 Click on the images to enlarge. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. Published: Monday, 16 March at 10h15 The 8-page momentum report is intended exclusively for ACTIVE trading clients (trades placed through the Unum Capital Trading Desk within the last 10 trading sessions ). To activate a trading relationship, please contact lester@unum.co.za . Lester Davids Senior Investment Analyst: Unum Capital Earlier this morning,

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL) IS A KEY COMPONENT IN OUR TOOL-KIT FOR UNCOVERING OPPORTUNITIES & ASSESS REWARD-TO-RISK. Spot Gold is consolidating sideways near record highs with weakening short-term momentum, setting up a potential short trade targeting the 8-MONTH EMA (MONTHLY TIME FRAM

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Middle East conflict escalations have triggered a violent repricing in the global energy complex. On the back of this, coal has surged. Our coal exposure has been via Thungela Resources where the share recently reached our extension target of R140. Last week the share reached multi-year high of R172.43.

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Coverage: Harmony Gold (HAR) Sibanye Stillwater (SSW) AngloGold Ashanti (ANG) Nedbank Group (NED) BHP Group (BHG) Anglo American Plc (AGL) Clicks Group (CLS) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The following graphics (below) have been generated based on the above table, using Google's Artificial Intelligence Tool, Gemini. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Data subject to change based on the subsequent news flow and price action developments. Disclosure: The table below has been generate with the help of Google's Artificial Intelligence Tool, Gemini. Next update: Tuesday, 17 March. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za As published on Friday morning, the share exceeded our 17500c target, closing at 19200c by the end of the session. Going forward these are the current probabilities via the Price Action Model and Momentum Analysis. Sasol Price Action Model Reading + End of Day Chart (Friday 13 March) KEY TAKEAWAY:  Sasol

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Update: The index closed below the 21-week EMA for the first time since April 2025. Previous Post (Thursday, 12March): JSE Top 40 Index: Vulnerable At The 21-Week Moving Average A break below the 21-week Exponential Moving Average (EMA)  is a significant technical event because it often marks the transit

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published Sunday 15 March for Monday 16 March. Warning of an overheated sentiment given on 19 January. Since then, we have seen a complete reversal on the daily time frame. Previous Post (Sunday 19 January): Global Market Risk Index: Daily Time Frame (Overheated) Daily Time Frame = Overheated Monthly Ti

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (20 August 2025): Global Idea: Dow Inc (Technical Recovery Play via Weekly Chart; High Risk) Current: $23.53 Stop-loss: $20.10 Target: $28.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post: Global Idea: BP Plc Published: Tuesday, 04 February 2026 Time: 11h12 Buy at £ 4.77 or lower Stop-loss: £ 4.15 Target(s): £ 5.70 Code: BP Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (Wednesday 11 March): Sasol: Target Range Reached (R170 to R175) Updating this now ... after a very busy few days. The previous notes (published on the website), have been highlighted on the chart. Previous Post (12 February): 🎥Video: Long Term = Target R170 to R175 Premium Content Sector