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SOL

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waanie
Occasional Contributor
What will be the impact on SASOL assuming an OPEC deal is not reached
7 REPLIES 7
partridge
Super Contributor
Here is a left field thought. The oil majors are all being encouraged to diversify as the days of oil are over. ( FT last weekend)
SimonPB
Valued Contributor
Opec haven't reached a deal since the 70's .. so no impact as nobody really expects it
The_Trader
Frequent Contributor
Downside risk on oil for me and it looks like the rand is gathering pace against the dollar. I'm calling 330 bucks on Sasol.
Russ
Super Contributor
It's been in a big sideways channel for two years now. Support at 355 and resistance at about 490.
The_Trader
Frequent Contributor
To where are we looking at when support at R355 is broken?
waanie
Occasional Contributor
Seems that a deal is about to happen.
The_Trader
Frequent Contributor
Market analysts very sceptical about the effectiveness of the cut to prevent the oil glut and any increase in price will give US shale producers a chance to get back in the market.