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Eoin Treacy's view South
African Rand per 1 US Dollar -
despite some considerable volatility,
the US Dollar continues to sustain a two-month progression of higher reaction
lows which would need to be taken out, with a sustained move below ZAR7.5 to
question scope for some further higher to lateral ranging.
Natural
gas -
breaks emphatically out of the two-month
range and a downward dynamic would be
required to check momentum beyond a brief pause.
HSBC
- found
at least short-term support least week
but needs to sustain a move back above 715p to break the six-month progression
of lower rally highs and offset scope for further downside.