Jiming Huang / Blog
Pivot (invalidation): 7.3800 Our preference Short positions below 7.3800 with targets at 7.2970 & 7.2740 in extension. Alternative scenario Above 7.3800 look for further upside with 7.4140 & 7.4370 as targets...
Pivot (invalidation): 0.7250 Our preference Long positions above 0.7250 with targets at 0.7310 & 0.7340 in extension. Alternative scenario Below 0.7250 look for further downside with 0.7230 & 0.7210 as targets...
Pivot (invalidation): 1.3140 Our preference Short positions below 1.3140 with targets at 1.3080 & 1.3060 in extension. Alternative scenario Above 1.3140 look for further upside with 1.3165 & 1.3190 as targets...
Pivot (invalidation): 0.9100 Our preference Short positions below 0.9100 with targets at 0.9050 & 0.9035 in extension. Alternative scenario Above 0.9100 look for further upside with 0.9120 & 0.9135 as targets...
Pivot (invalidation): 106.60 Our preference Long positions above 106.60 with targets at 107.05 & 107.50 in extension. Alternative scenario Below 106.60 look for further downside with 106.35 & 106.10 as targets...
Pivot (invalidation): 1.3190 Our preference Long positions above 1.3190 with targets at 1.3285 & 1.3320 in extension. Alternative scenario Below 1.3190 look for further downside with 1.3160 & 1.3130 as targets...
Pivot (invalidation): 1.1810 Our preference Long positions above 1.1810 with targets at 1.1875 & 1.1900 in extension. Alternative scenario Below 1.1810 look for further downside with 1.1790 & 1.1760 as targets...
The US dollar index slipped below the 93 mark ahead of the Jackson Hole meeting, and the US 10-year yield steadied a touch below the 0.70% mark. The greenback continues defining the trajectory of EURUSD and GBPUSD...
Hurricane Laura could be the worst to hit the Texas-Louisiana border in the last 160 years, but the oil market remains surprisingly calm faced with a potentially meaningful supply disruption in the US south coast...