Sasol (SOL) is a large international chemicals and energy company with roots in the oil-from-coal technology developed during apartheid-era South Africa. Approximately 50% of the company’s profits are tied directly to the oil price. Sasol’s two main growth areas are its 50% stake in the ethane cracker plant in Louisiana, America, known as the Lake Charles Chemical Project (LCCP), and its development of gas resources in Mozambique. Sasol was awarded two new licenses in Mozambique to explore for gas in an onshore area of approximately 3,000 square kilometers, which could significantly expand its existing gas projects in the Rovuma province. One significant challenge for Sasol is its status as the largest producer of greenhouse gases in South Africa and on the JSE. Globally, it is listed among the 100 fossil-fuel companies responsible for more than 70% of greenhouse gas emissions. The company faces mounting international pressure to address its carbon emissions effectively. Sasol’s share price saw a dramatic recovery after the COVID-19 pandemic, but this upward trend was interrupted by the decline in commodity prices, particularly oil. On 7th April 2024, the company announced that the Minister of the Environment, Barbara Creecy, had upheld its appeal against a decision by the national air quality officer, safeguarding continued operations at its Secunda oil-from-coal plant, which faced potential closure due to environmental concerns. The company operates six coal mines, supplying 10 million tonnes of thermal coal feedstock annually to its operations in Secunda and Sasolburg, as well as to the export market. However, the massive Secunda plant, which accounts for 84% of Sasol’s scope 1 and 2 emissions, is under scrutiny. A study by Wits Business School, reported on 22nd October 2024, found that the plant could not be modified to meet emissions regulations and might have to close, with its fate now resting on government decisions. In its results for the year to 30th June 2024, Sasol reported a 66% decline in headline earnings per share (HEPS) and a 16% drop in net asset value (NAV). These results were heavily impacted by a R58.9 billion impairment of the Chemicals America Ethane value chain, a R5.3 billion impairment of Chemicals Africa, and a R7.8 billion impairment of Secunda. The company stated, "The business benefitted from a weaker R/US$ average exchange rate, and a favourable rand oil price, however constrained margins impacted negatively on our fuels and chemicals businesses. The financial results were further impacted by various operational challenges across the business." In a production and sales update for the six months to 31st December 2024, Sasol reported, "The civil unrest in Mozambique affected the Central Processing Facility (CPF), leading to reduced production rates in December 2024. On 4 January 2025, a fire occurred at the Natref refinery that caused damage to supporting piping and infrastructure around the Crude Distillation Unit. International Chemicals revenue improved compared to H1 FY24, though the overall business environment remains challenging." On 16th September 2024, Sasol announced the appointment of Ms. Muriel Dube as Chairman of the Board with immediate effect. Sasol remains a highly volatile commodity share and is currently in a long-term downward trend. Investors are advised to wait for the share to break up through its downward trendline before considering further investigation. Its future will largely depend on commodity price recovery, operational stability, and regulatory developments related to its emissions and environmental impact.
I belive there should be a retracement to 1.04569 from selected levels 1. 1.05 2. 1.05436 For more analysis head on to www.brokerir.com
If you ignore the sweep from wednesday 15-01-2025, this is what the dealing range High/Low Looks like on the EURUSD M15
Right now at Weekly OB+FVG , if today closed bearish then our structure on daily will be bearish... potentially could be retracement/consolidation in the area below ...
Hello, Everyone! I’m setting up a sell position on GBP/USD for several reasons. The market has been struggling to move upward, and it seems poised to fall either today or tomorrow. I’ve been observing this pair throughout the trading week to predict its direction. So far, so good—this pair has shown resistance and has reacted well to key levels. Here’s why I’m confirming the sell trade based on two main factors: Factor 1: Technical Analysis GBP/USD has formed a strong resistance zone, and the pair has tested this zone twice, confirming its strength. After reacting to this level, the pair has left enough space to create a potential entry for a sell position. This technical structure provides a solid setup for the trade. Factor 2: Fundamental Analysis Today, two key pieces of economic news are set to be released: Flash Manufacturing PMI and CBI Realized Sales. These announcements could potentially drive GBP/USD downward, adding fundamental support to the sell bias. This is the thought process behind my trade. Let’s see how the market plays out. Good luck, and happy trading!
The GBP/USD currency pair is currently presenting a potential buy opportunity as it appears to be in the middle of a 3rd wave uptrend—a strong impulsive move according to Elliott Wave theory. This article highlights the setup, entry, target, and stop-loss levels, with supporting technical reasoning. Market Overview The GBP/USD has been trending higher over the past few sessions, with strong bullish momentum indicating the development of an impulsive Elliott Wave structure. Based on recent price action and Fibonacci projections, the pair is currently in the 3rd wave, often the most powerful and extended wave in a 5-wave sequence. Current Price Action: The pair recently broke above key resistance levels, confirming the bullish structure. Fundamental Drivers: Hawkish expectations for the Bank of England (BoE) and signs of USD weakness amid a dovish Federal Reserve outlook are providing fundamental tailwinds. Buy Setup To capitalize on this uptrend, the following trade setup is recommended: Entry Level: 1.2400 This level aligns with minor support based on a previous breakout zone and Fibonacci retracement levels. Buyers can aim to enter around this area, where the market could resume its upward trend. Stop-Loss: 1.2344 The stop-loss is placed just below the most recent swing low, protecting the trade against invalidation of the bullish structure. This level is key because a break below would indicate a potential shift in sentiment. Target Level: 1.2556 The target is derived using Fibonacci extensions of the previous wave 1 and wave 2 structure. The 161.8% Fibonacci projection aligns with this level, reinforcing its significance as a likely resistance zone. Elliott Wave Analysis Wave 1 and Wave 2 Completed: GBP/USD formed a clear impulsive wave 1, followed by a corrective wave 2, which retraced approximately 61.8% of wave 1—typical behaviour for wave 2. Wave 3 in Progress: The current price movement shows strong bullish momentum characteristic of a 3rd wave. Volume and price acceleration further confirm this scenario. Fibonacci Projections: The 161.8% extension of wave 1 predicts a potential wave 3 target near 1.2556. Retracement levels between 38.2% and 61.8% of wave 2 suggest 1.2400 as a key entry zone. Risk-to-Reward Ratio This trade offers an excellent risk-to-reward profile: Risk (Stop-Loss): 56 pips (1.2400 - 1.2344) Reward (Target): 156 pips (1.2556 - 1.2400) Risk-to-Reward Ratio: ~1:2.8 This favorable ratio makes the trade attractive to swing traders and position traders alike. Conclusion The GBP/USD presents a compelling buy opportunity in the middle of a 3rd wave uptrend, with the potential to reach 1.2556. Traders can look to enter around 1.2400 with a well-defined stop-loss at 1.2344 to limit downside risk. The trade aligns with both Elliott Wave and Fibonacci principles, offering a high-probability setup with a strong risk-to-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please perform your own due diligence before entering any trades.
NSE:CNX500 inverted cup and handle formation Retest and breakdown could be forseen
MIcrostrategy is influenced by Bitcoin price, which is still going up and the trend should continue considering Trump presidency that supports the crypto environment. We can see a cup-n-handle bullish formation about to break out.
I think BTC will continue up in the long term especially making this triangle in the near term and continuing up at the end of the triangle. 125k range is definitely possible! Even more to come most likely as Trump (The US President) just made an executive order for a national digital asset reserve which will include a lot of BTC the US holds from the hackers n illegal activity they acquired it from. Definitely interesting where it will go, watch for natural market structure retests!
S&P 500 Index Sets Record High As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the stock index: → has increased by approximately 3.5% since the start of the year; → surpassed its previous all-time highs set in December. Market participants’ optimism was driven by: → a strong start to earnings season and expectations of robust reports from major tech companies; → statements made by Donald Trump at the Davos forum, where the US president urged Saudi Arabia to lower oil prices and expressed the view that interest rates should be reduced. Overall, such measures are expected to foster economic growth. Reuters quoted Lindsay Bell, Chief Strategist at 248 Ventures: buyers "like the idea of interest rates coming down, of oil prices coming down. All in all, the market is optimistic the more they hear about Trump policies. We're just seeing a reflection of that optimism." https://www.tradingview.com/x/VLK2Ba3n/ Technical analysis of the S&P 500 chart (US SPX 500 mini on FXOpen) reveals: → At the end of 2024, price fluctuations formed an ascending channel (marked by blue lines). → The December dip appears to be a correction within the prevailing uptrend. Bears managed to push the price below the lower blue line, but only for about a week. → After breaking the correction channel (shaded in orange), bulls faced brief resistance (indicated by the arrow) at the 6040 level. → The RSI indicator is in the overbought zone and signals divergence. This suggests a minor pullback could occur, potentially testing the aforementioned 6040 level. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.