From our November 2023 analysis, medium-long term sentiments were strongly bearish towards R71. Price did behave as expected and went as far as printing a low around R53.01 in May 2025 before going on to print what seems to be developing into a Head and Shoulders price pattern between September and November 2025.
If this Bearish pattern successfully forms and breaks below the zone between R77.00 and R83.00, then price may trickle down to levels between R18.00 and R25.00 as Oil prices seem to also be preparing for a short pullback into the buyers zone.
Anticipated levels if the R77.00 ~ R83.00 fails as support:
R42.00
R20.77 (2020 Low)
R18.16
Should the R77.00 - R83.00 level succeed as support, price may see a rise to:
R149.00
R229.00
Current sentiments on SASOL : BEARISH
November 2023 analysis available here :
If this Bearish pattern successfully forms and breaks below the zone between R77.00 and R83.00, then price may trickle down to levels between R18.00 and R25.00 as Oil prices seem to also be preparing for a short pullback into the buyers zone.
Anticipated levels if the R77.00 ~ R83.00 fails as support:
R42.00
R20.77 (2020 Low)
R18.16
Should the R77.00 - R83.00 level succeed as support, price may see a rise to:
R149.00
R229.00
Current sentiments on SASOL : BEARISH
November 2023 analysis available here :
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.