It seems that SASOL is ripe for a turn higher. Today (Dec 6th) price turned in a BUY zone between R267 - R273. As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit) Target 2 longer term is R370 (30% profit)
TRADE STRATEGY Aggressive entry - Buy the open price of SOL on Dec 7th or around R280 Conservative entry - wait for retest of price below R275 STOP LOSS - below R265 (5-6%)
BRENT CRUDE OIL Possible turn today @ $80 for run higher which also bodes well for the Sasol analysis
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