South Africa Index consolidates below 70,000.00

Source: Dukascopy Bank SA


At the start of December, the South African stock index hit the 70,000.00 mark, which acted as resistance. The following decline found support in the November high level zone at 67,450.00/67,650.00.

A decline below the 67,450.00 level could look for support first in the 67,000.00 mark, before approaching the late November low level zone at 65,600.00/65,850.00.

On the other hand, a recovery of the stock index would face resistance in the 69,000.00 mark, before testing the December high level of 70,000.00.
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