Jiming Huang / Blog
Pivot (invalidation): 1.2750 Our preference Short positions below 1.2750 with targets at 1.2675 & 1.2640 in extension. Alternative scenario Above 1.2750 look for further upside with 1.2785 & 1.2815 as targets...
Pivot (invalidation): 1.1390 Our preference Short positions below 1.1390 with targets at 1.1340 & 1.1315 in extension. Alternative scenario Above 1.1390 look for further upside with 1.1420 & 1.1445 as targets...
Demand in WTI crude stayed strong despite a surprise 8.42-million-barrel rise in US oil inventories last week according to the latest API report. The more official EIA data is due today and will certainly remain short of the median expectation of a 1.8-million-barrel fall...
US stock indices paused their impressive rally on Tuesday, as energy stocks led losses on speculation that Chesapeake Energy plans bankruptcy and the idea that other gas and energy companies could go down the same road as a result of severely distressed level of debt amid last months’ historical...
Pivot (invalidation): 37.85 Our preference Long positions above 37.85 with targets at 39.10 & 39.65 in extension. Alternative scenario Below 37.85 look for further downside with 37.10 & 36.40 as targets...
Pivot (invalidation): 17.4900 Our preference Long positions above 17.4900 with targets at 17.8000 & 17.9900 in extension. Alternative scenario Below 17.4900 look for further downside with 17.2900 & 17.2000 as targets...
Pivot (invalidation): 1705.00 Our preference Long positions above 1705.00 with targets at 1722.00 & 1732.00 in extension. Alternative scenario Below 1705.00 look for further downside with 1696.00 & 1685.00 as targets...
Pivot (invalidation): 3162.00 Our preference Long positions above 3162.00 with targets at 3260.00 & 3320.00 in extension. Alternative scenario Below 3162.00 look for further downside with 3128.00 & 3090.00 as targets...
Pivot (invalidation): 12800.00 Our preference Short positions below 12800.00 with targets at 12430.00 & 12325.00 in extension. Alternative scenario Above 12800.00 look for further upside with 13000.00 & 13220.00 as targets...