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Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Current Price Action Model Reading: Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june 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 23 to 27 June > https://www.unum.capital/post/r2327june 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 23 to 27 June > https://www.unum.capital/post/r2327june 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 23 to 27 June > https://www.unum.capital/post/r2327june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Scroll down for the previous PREMIUM POST which looked at a buy setup on HAR. 🔒Premium Post (11 June): Buy Re-Entry Idea, On Watchlist This is a premium post. The yellow candles in the block represent a potential short term price path for the share, capturing a potential simultaneous rebound off rising trend line and 50-week EMA. To clarify, a further pullback from current levels followed by a potential rebound. We will be monitoring the price action in real-time for confirmation. Should the price fail to act accordingly, the idea will be considered temporarily invalid. Thank you for your interest in our research. Our aim is to convey insights that help clients: (1) Manage Risks and (2) Uncover Opportunities. Year-to-date we have published over 1000 research notes that helps clients do just that. If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, email   tradingdesk@unum.co.za   In exchange for the provisional levels, we would love to have a few minutes of your time to explain our services. Specifically, if you are: New to financial markets and looking to start your trading journey. An experienced trader, but looking to elevate your trading. Interested in an ACTIVE TRADING approach. Interested in a high quality, award-winning research. Interested in insights that informs and identifies both risks and opportunities. Should you you fit into any of the above categories, we would love a few minutes of your time to be able to further explain why you should consider Unum Capital your trading partner. To access, e-mail your name and contact details to   lester@unum.co.za    To open a trading account, e-mail   lester@unum.co.za    Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Overall Summary: Divergence in Strength & Momentum As of mid-June, the commodity complex shows a clear divergence. Brent Crude Oil remains in a consistently strong regime across all timeframes. In contrast, Precious and Industrial Metals, while strong on a longer-term basis, are exhibiting signs of exhaustion and waning momentum on shorter timeframes, with most being overbought or neutral. Palladium remains the clear laggard with an underlying weak regime. Brent Crude Oil Monthly:  Strong Weekly:  Strong Daily:  Strong Insight:  Brent Crude is displaying unanimous strength across all measured timeframes, indicating a robust and consistent uptrend. Gold Monthly:  Overbought Weekly:  Strong Daily:  Neutral Insight:  The long-term trend in gold is very strong but has reached an overbought condition. The short-term daily timeframe has turned neutral, suggesting a loss of immediate momentum and a potential period of consolidation or pullback. Silver Monthly:  High Bullish Momentum/Approaching Overbought Weekly:  Strong Daily:  Neutral Copper Monthly:  Strong Weekly:  Neutral Daily:  Neutral Insight:  While the long-term monthly trend for copper remains strong, both the medium-term (weekly) and short-term (daily) trends have lost their directional bias and have turned neutral. Platinum Monthly:  High Bullish Momentum Weekly:  Overbought Daily:  Strong Insight:  Similar to silver, platinum is in a very strong trend but is showing signs of being over-extended. The weekly chart is in an overbought condition, signaling caution is warranted despite the ongoing strength in the daily and monthly trends. Palladium Monthly:  Weak Weekly:  Neutral Daily:  Neutral Insight:  Palladium is the weakest commodity in this group. The underlying long-term (monthly) regime is weak, and the shorter timeframes lack any directional conviction, indicating a period of consolidation within a downtrend. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za On 06 June, the price action model looked for a rebound on the short term (1 to 10 day) time frame. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june 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 23 to 27 June > https://www.unum.capital/post/r2327june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Friday's bearish reversal is in line with Thursday's view that the 50-week EMA and overbought range presented a poor buy/long reward-to-risk for new longs. Previous Post (Thursday 19 June): Trading Sasol: Short Term Overbought (50-Week Resistance) + Price Action Probabilities Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june 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 23 to 27 June > https://www.unum.capital/post/r2327june 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 23 to 27 June > https://www.unum.capital/post/r2327june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Key: Strong:  Indicates outperformance relative to the Top 40 Index. Weak:  Indicates underperformance relative to the Top 40 Index. Neutral:  Indicates performance in line with the Top 40 Index. Overbought:  High demand; suggests the sector might be due for a pullback. Oversold:  Low demand; suggests the sector might be due for a bounce. High Bullish Momentum:  Strong upward price movement. High Bearish Momentum:  Strong downward price movement. JSE Sector Preference Ranking Chemicals:  Strongest reading. Shows dramatic short-term improvement from a weak long-term base. Banks:  Second strongest. Shows significant positive momentum emerging in the short term. Technology:  Neutral reading, but from a strong long-term base. Shows recent deterioration. Gold Miners:  Neutral reading, but from a strong long-term base. Shows recent deterioration. Telecoms:  Neutral reading, but from a strong long-term base. Shows recent deterioration. Insurers:  Consistently neutral. Performing in line with the market. Platinum Miners:  Consistently neutral. Performing in line with the market. Consumer Staples:  Showing signs of stabilization from a weak long-term trend. Hospitals:  Showing signs of stabilization from a weak long-term trend. Paper & Pulp:  Showing notable stabilization from long-term bearish momentum. Luxury Goods:  Deteriorating from a neutral base into short-term weakness. Consumer Discretionary:  The weakest sector, showing consistent underperformance. Coal Miners:  Showing stabilization, but from a very weak long-term base. Healthcare:  Weak across short and medium terms, with very low long-term demand. Miners:  Weakest reading. Although slightly improved, remains in a clear downtrend. Detailed Sector Analysis 1. Chemicals vs Top 40 Short Term: Strong Medium Term: High Bullish Momentum / Approaching Overbought Long Term: Weak Insight:  The most bullish sector, showing a dramatic turnaround. The shift from a Weak long-term base to High Bullish Momentum and now Strong short-term outperformance signals a powerful new emerging trend. 2. Banks vs Top 40 Short Term: Strong Medium Term: Neutral Long Term: Neutral Insight:  Significant short-term improvement. The move from a Neutral long-term base to Strong short-term performance indicates a powerful surge in positive momentum. 3. Technology vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Strong Insight:  Deterioration from long-term strength. The move from Strong to Neutral suggests a pause or consolidation after a period of leadership. 4. Gold Miners vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Strong Insight:  Similar to Technology, this sector shows a deterioration from long-term outperformance to a more neutral short-term stance. 5. Telecoms vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Strong Insight:  Another sector showing a deterioration from its long-term strength, now performing in line with the market in the short term. 6. Insurers vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Neutral Insight:  Consistently neutral across all timeframes, indicating performance that is perfectly in line with the broader market. 7. Platinum Miners vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Neutral Insight:  A completely neutral profile, suggesting this sector is moving in lockstep with the Top 40 index without showing relative strength or weakness. 8. Consumer Staples vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Weak Insight:  Short-term improvement. The move from a Weak long-term base to Neutral suggests that recent underperformance is stabilizing. 9. Hospitals vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: Weak Insight:  Similar to Staples, this sector is showing short-term stabilization from a weak long-term trend. 10. Paper & Pulp vs Top 40 Short Term: Neutral Medium Term: Neutral Long Term: High Bearish Momentum / Approaching Oversold Insight:  A notable short-term improvement. The move from a long-term bearish momentum state to Neutral suggests the intense downward pressure has subsided for now. 11. Luxury Goods vs Top 40 Short Term: Weak Medium Term: Weak Long Term: Neutral Insight:  This sector shows marked deterioration from its neutral long-term stance into clear weakness on shorter timeframes. 12. Consumer Discretionary vs Top 40 Short Term: Weak Medium Term: Weak Long Term: Weak Insight:  The weakest sector. Consistent underperformance across all timeframes confirms a deeply entrenched downtrend. 13. Coal Miners vs Top 40 Short Term: Neutral Medium Term: High Bearish Momentum / Approaching Oversold Long Term: High Bearish Momentum / Approaching Oversold Insight:  A notable improvement from medium-term bearish momentum to a neutral short-term stance, suggesting the aggressive underperformance has paused. 14. Healthcare vs Top 40 Short Term: Weak Medium Term: Weak Long Term: Oversold Insight:  This defensive sector is showing consistent weakness. The move from a long-term oversold state to weak short-term performance suggests no recovery yet. 15. Miners vs Top 40 Short Term: Weak Medium Term: High Bearish Momentum / Approaching Oversold Long Term: Oversold Insight:  Slight short-term improvement from bearish momentum, but the overall picture remains negative. The long-term oversold status suggests very low demand. Lester Davids Senior Investment Analyst: Unum Capital