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The intention of this analysis is to give the reader a visual picture of the most probable price path that could develop over time. This is enhanced by adding crucial levels where the proposed view becomes dubious and needs to be re-assessed (or confirmed). The benefit of this approach is that of an easy to understand and almost instantaneous grasp of the analysts views. This kind of analysis is not intended to be exact in predicting levels, and especially timing of moves, but to give a more general probability view that is easily understandable and unambiguous. The proposed “roadmap” gets adjusted over time as new price information becomes available.
All technical views have important re-assessment or negation levels where the proposed preference is no longer valid and needs to be reviewed. Every analyzed market also has a stated conviction level to convey the analyst certainty level of the illustrated outcome.
Objective technical analysis will be valuable for all types of investors as confirmation of fundamental views.
Risk managers, brokers, traders, bank proprietary divisions, hedge funds, as well traditional asset managers can find value.
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SA Agri Futures: The Bigger Picture – 26 June 2024
A short note highlighting the longer-term outlook of the SA- Agri market from a technical perspective.
Remarks:
The goal is to highlight trending possibilities over the medium to long term.
Whilst most of these markets are currently consolidating, it is crucial to monitor for any low- risk opportunities that might represent themselves.
JSE TOP 40 Index Note – 25 June 2024
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