Morning note

Yesterday saw the Top40 fall 450 points despite being firm most of yesterday morning.  Gold shares continue to shine with ANG up again today over 6% at R127.00.  Oil continues to struggle with price downgrades coming thick and fast.  Sasol remains under pressure at R380.00 but seemingly having priced in this low oil price.  Any oil price bounce will see short covering and a likely spike in oil shares.

Posted in Morning note

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