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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
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7 REPLIES 7
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)
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Valued Contributor
Opec haven't reached a deal since the 70's .. so no impact as nobody really expects it
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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.
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Super Contributor
It's been in a big sideways channel for two years now. Support at 355 and resistance at about 490.
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Highlighted
Frequent Contributor
To where are we looking at when support at R355 is broken?
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waanie
Occasional Contributor
Seems that a deal is about to happen.
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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.
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