Jiming Huang / Blog
Pivot (invalidation): 7.0000 Our preference Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension. Alternative scenario Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets...
Pivot (invalidation): 0.7180 Our preference Long positions above 0.7180 with targets at 0.7220 & 0.7245 in extension. Alternative scenario Below 0.7180 look for further downside with 0.7160 & 0.7140 as targets...
Pivot (invalidation): 1.3450 Our preference Short positions below 1.3450 with targets at 1.3405 & 1.3380 in extension. Alternative scenario Above 1.3450 look for further upside with 1.3475 & 1.3495 as targets...
Pivot (invalidation): 0.9095 Our preference Short positions below 0.9095 with targets at 0.9055 & 0.9040 in extension. Alternative scenario Above 0.9095 look for further upside with 0.9110 & 0.9130 as targets...
Pivot (invalidation): 104.70 Our preference Short positions below 104.70 with targets at 104.15 & 103.90 in extension. Alternative scenario Above 104.70 look for further upside with 105.00 & 105.30 as targets...
Pivot (invalidation): 1.3075 Our preference Long positions above 1.3075 with targets at 1.3180 & 1.3220 in extension. Alternative scenario Below 1.3075 look for further downside with 1.3020 & 1.2975 as targets...
Pivot (invalidation): 1.1840 Our preference Long positions above 1.1840 with targets at 1.1925 & 1.1950 in extension. Alternative scenario Below 1.1840 look for further downside with 1.1805 & 1.1770 as targets...
Oil prices remained steady near the $41 per barrel even with the announcement of a surprise 10-million-barrel slump in US oil inventories last week. There is a clear toppish sentiment in oil markets where the hesitation to carry the prices higher could trigger a retracement below the $40 pb...
As expected, the Federal Reserve (Fed) maintained its dovish policy stance at this month’s meeting, as Chair Jerome Powell painted a gloomy picture of the economy, emphasizing that the global economy is faced with the most severe recession of our lifetime, that the path forward is ‘extraordinaril...