Search this site

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Buy/long idea. False breakdown i.e. a scoop n score play via the weekly chart. Retaining it's position above 80.00 is key. Stop-loss: 74.00 Target: 105.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Code: PALL Previous Post (Saturday 07 June): Palladium: Triggered; Strong Candle Structure; Catch-Up With Basket The chart below is an update to our previous post (26 May) in which we highlighted the (1) re-test of the 200-day SMA and (2) The $1042 level as the trigger for a potential 'momentum run'. Previous Post (26 May: Palladium: Retesting The 200d; Triggers Above $1042) A flat 200-day moving average is often accompanied by a price that is rangebound i.e. struggling to find direction. Whilst it can be frustrating in the short term, traders should remain alert to the potential for strength (or weakness) on the lower time frames which may be indicative of renewed buying (or selling) interest. In the case of Palladium, the commodity has rebound from below the 200-day SMA to above, and in recent sessions has unwind in from ultra short term overbought to re-test the 200-day SMA. If we start to see strength on the lower time frame and a break above the $1042 level, this could be a trigger for further upside, with the medium term target being the prior swing highs of $1252. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za For Exposure, Consider The Physical Palladium Shares ETF Code: PALL Previous Post (Saturday 07 June): Palladium: Triggered; Strong Candle Structure; Catch-Up With Basket The chart below is an update to our previous post (26 May) in which we highlighted the (1) re-test of the 200-day SMA and (2) The $1042 level as the trigger for a potential 'momentum run'. Previous Post (26 May: Palladium: Retesting The 200d; Triggers Above $1042) A flat 200-day moving average is often accompanied by a price that is rangebound i.e. struggling to find direction. Whilst it can be frustrating in the short term, traders should remain alert to the potential for strength (or weakness) on the lower time frames which may be indicative of renewed buying (or selling) interest. In the case of Palladium, the commodity has rebound from below the 200-day SMA to above, and in recent sessions has unwind in from ultra short term overbought to re-test the 200-day SMA. If we start to see strength on the lower time frame and a break above the $1042 level, this could be a trigger for further upside, with the medium term target being the prior swing highs of $1252. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july 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 For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Strong candle structure below multi-month highs, breakout pending. Long term target = $42.00 Stop-loss = a weekly close below $28.00 Last close = $32.33 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post: Sibanye Stillwater - Long Term Cycle Ready To Unfold? SSW Monthly Chart - as of Thursday 27 February at 13h13 #EarlyAccess Upper Panel: SSW Relative To JSE Top 40 Index (Weekly Chart) - as of Thursday 27 February at 13h10 Lower Panel: Distance vs 200-Week SMA. The ratio is trading 67% below it's 200-week, which is an extreme disconnect from the long term average. In July we discussed a potential scenario for the share, with the potential path being a drop down to a potential range 1264c to 1353c before a potential rally off the long term channel support. The share dropped to 1400c which was followed by a rally to 2300c. Taking a step back, are we seeing the long term cycle unfolding? The slide below is from report: "Active Trading Plan: Monday 29 July 2024". Related Post: Sibanye Stillwater: Right Reading, Right Time Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july 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 For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za We have a long history discussing Copper, beginning at the lows during Covid at $2.31. This is an update. What we saw then (time-stamped chart below): The potential for a post 2001 to 2003 cycle run-up. How it's developed thus far... Lester Davids Senior Investment Analyst: Unum Capital Reference: Our comment in May 2020 (seen in the yellow block) was as follows: "The YTD deteriorating global economic backdrop has put pressure on risk assets including industrial commodity Copper. Also adding pressure has been the expectation of lower Chinese economic growth which is a key driver of the commodity. While the short term pressures may remain, a review of the monthly chart reflects a similar technical structure as was the case for the period for August 1998 to January 2002 where we saw: (1) a price surge (marked in yellow on chart) - October 1992 to January 1995 / December 2008 to March 2011. (2) Consolidation from February 1995 to February 1999. (3) A double bottom developed in March 1999 and October 2001 (green rectangle marked on chart). The period for 2001 to 2003 saw the consolidation continue however this was a "break" of the previous downward sloping parabolic back to the 1995 peak. While questions remain over the global economic outlook, the question from a long term technical perspective is: are we at a similar juncture to the 2001-2003 period where further consolidation will be seen before move higher? (Yep, I see the December 2003 breakaway gap that has the potential to be filled over the longer term)."

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za VanEck Natural Resources ETF (HAP) SPDR S&P North American Natural Resources ETF (NANR) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za J200 Daily J200 Monthly Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july 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 For 14 to 18 July > https://www.unum.capital/post/r1418july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Click on the image to enlarge. Readings as of the close of trade on Friday 11 July. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) Long Term (approximately 5 to 8 weeks) Lester Davids Senior Investment Analyst: Unum Capital