Satrix Resources ETF: Outlook via Monthly Time Frame (Currently Running +167%)

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

Our initial view on the Satrix Resources ETF (STXRES) was published just under two years ago (13 February 2024) in which we overlayed the ETF with the Chinese Yuan. Subsequently, the ETF experienced a sharp bullish reversal, which was followed by a call to reduce into strength. Long term, the ETF is looking to continue it's recovery as it looks to develop a change of trend (from neutral to bullish).

Updated Chart as of 26 December:

---

The original comment, as published on Tuesday 13 February for Unum Capital clients, is shown below.

Lester Davids

Senior Investment Analyst: Unum Capital