Jiming Huang / Blog
Pivot (invalidation): 0.7150 Our preference Short positions below 0.7150 with targets at 0.7100 & 0.7085 in extension. Alternative scenario Above 0.7150 look for further upside with 0.7170 & 0.7190 as targets...
Pivot (invalidation): 0.9165 Our preference Long positions above 0.9165 with targets at 0.9200 & 0.9220 in extension. Alternative scenario Below 0.9165 look for further downside with 0.9150 & 0.9135 as targets...
Pivot (invalidation): 106.45 Our preference Long positions above 106.45 with targets at 106.90 & 107.10 in extension. Alternative scenario Below 106.45 look for further downside with 106.25 & 105.95 as targets...
Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.3010 & 1.2985 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets...
Pivot (invalidation): 1.1755 Our preference Short positions below 1.1755 with targets at 1.1695 & 1.1675 in extension. Alternative scenario Above 1.1755 look for further upside with 1.1775 & 1.1800 as targets...
In the currency markets, the US dollar is a touch stronger against the leading reserve currencies including euro, yen and Swiss franc. The EURUSD extended losses to 1.1722 on the back of a broad-based recovery in the greenback...
European markets opened the week on a neutral note, the US’ blue-chip stocks gained on Monday, while tech giants retreated with the exception of Apple shares. Investors moved capital to industrial stocks. Oil edged higher and Asian stock indices advanced the most in a week...
Pivot (invalidation): 41.75 Our preference Long positions above 41.75 with targets at 42.65 & 42.95 in extension. Alternative scenario Below 41.75 look for further downside with 41.40 & 41.05 as targets...
Pivot (invalidation): 28.5400 Our preference Long positions above 28.5400 with targets at 29.4000 & 29.8500 in extension. Alternative scenario Below 28.5400 look for further downside with 28.1300 & 27.8000 as targets...