SigmaOptionWriters
DailyGraph
Below is a daily chart portraying the trade action for the DEC15WMAZ contract over the past 2 months. Trade has seen a head-and-shoulders formation completed with the contract price dipping below the neckline of R3100 and onto testing the R3000 support level. From there the price bounce back higher retesting the neckline but has since settle below it. Traders will start to turn their attention to South African weather over the next couple of months. Nearby support on the graph is seen at R3075, R3050 and R3000 with resistance at R3100, R3135 and R3150
DailyGraph
Below is a daily chart portraying the trade action for the DEC15WMAZ contract over the past 2 months. Trade has seen a head-and-shoulders formation completed with the contract price dipping below the neckline of R3100 and onto testing the R3000 support level. From there the price bounce back higher retesting the neckline but has since settle below it. Traders will start to turn their attention to South African weather over the next couple of months. Nearby support on the graph is seen at R3075, R3050 and R3000 with resistance at R3100, R3135 and R3150