South African Markets

Please find an interim USD/ZAR update, as requested by an All-in-One member.

It highlights some interim possibilities and slight adjustments from the previous report

Please find attached the monthly JSE technical analysis on the Benchmark Top 40 Index.

Views are retained.

Please find attached the monthly USD/ZAR update.

An interesting year awaits us on the currency front.

Please find attached the Bigger picture outlook on the benchmark JSE Top 40 index.

To search for high probability medium term trade and investment opportunities by capitalizing on definitive trends.

Medium- and short-term price action point to messy range trading into the end of the year.

The Expected bull trend to new highs might then only materialize in 2025.

Note : As per usual this week will be the final reporting schedule for 2024.

While the recent bullish view and important target levels are retained,

Non classical short term market action and subdivisions in the move from 17.29 to current levels continues.

The preferred and illustrated interim outcome is therefore subject to a measure of short-term uncertainty.

Please find attached the JSE TOP 40 index update

The expected bull trend could be maturing as it approaches important target areas.

While the recent bullish view and important target levels are retained, limited subdivisions in the move from 17.29 to current levels creates a measure of short-term uncertainty.

We will update the interim outlook as more price evidence avails itself.