Senior Analyst, Rand Swiss

Shaun is a senior analyst specialising in derivatives trading and technical analysis across index, commodity, FX, and equity markets. With nearly 20 years of experience in financial markets, Shaun brings deep expertise to his role, presenting research and analysis to Rand Swiss clients. Shaun is a regular commentator on local and global financial markets, contributing to major media outlets including CNBC Africa, Reuters, Moneyweb, and Business Day. He produces daily and weekly market reports focused on technical analysis and trading opportunities in his core markets. As a registered person at the JSE and a Certified Financial Technician (CFTE), Shaun combines formal credentials with practical market expertise.

You can follow Shaun on Twitter at @ShaunMurison_RS for regular market updates and trading insights.

Tech Tuesday: Markets eye key technical levels

Tuesday, 15 September 2026

The Top40 is holding on to support, although questions mount over the durability of the longer-term uptrend. Suggestive technical patterns have emerged for the rand and bullion, while US indices reaffirm short-term consolidations.

Inside this update:

• US Indices
• J40 Cash Index
• ZAR
• Commodities

J40 Cash Index

The Top40 finds intraday support as questions emerge around the longer-term uptrend, with Shaun Murison identifying where the next opportunity could develop and the levels that could invalidate it.

US Indices

The major US indices consolidate with longer-term uptrends still intact, as Shaun Murison identifies a potential Nasdaq opportunity and the key levels to watch on the Dow and S&P 500.

ZAR/USD

USD/ZAR breaks above the R16.19/$ resistance target, with Shaun Murison assessing the breakout and reversal pattern now in play and what it could mean in the short term.

Commodities

Gold

Gold continues to grind lower towards key support, with Shaun Murison assessing a potential head-and-shoulders pattern and how he is approaching the commodity from here.

Brent Crude Oil

Brent crude consolidates its recent gains in overbought territory, with Shaun Murison assessing whether the technical picture warrants caution or whether the upward move still has room to run.