Resource Still Showing Strength
Since 2016 the JSE has been declining relative to the S&P 500 but December has shown a change in character with the JSE consolidating while the S&P 500 declined. The Resources sector has been leading the charge and trading in a strong upward channel. In December the resource has reacted to the demand line and is showing strength going into 2019. Resources are further the only sector above its January 2018 high.
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