Jiming Huang / Blog
Pivot (invalidation): 1.4165 Our preference Long positions above 1.4165 with targets at 1.4225 & 1.4265 in extension. Alternative scenario...
Pivot (invalidation): 0.6275 Our preference Long positions above 0.6275 with targets at 0.6330 & 0.6355 in extension. Alternative scenario...
Pivot (invalidation): 0.9685 Our preference Long positions above 0.9685 with targets at 0.9715 & 0.9730 in extension. Alternative scenario...
Pivot (invalidation): 107.60 Our preference Long positions above 107.60 with targets at 107.85 & 107.95 in extension. Alternative scenario...
Pivot (invalidation): 1.2325 Our preference Short positions below 1.2325 with targets at 1.2265 & 1.2245 in extension. Alternative scenario...
Pivot (invalidation): 1.0840 Our preference Long positions above 1.0840 with targets at 1.0865 & 1.0880 in extension. Alternative scenario...
The US crude turned negative for the first time in history and traded as low as $-40 per barrel on Monday. This is because the global oil glut has become so large that there is no space left to store this large quantity of unexploited oil. The market is literally submerged...
Pivot (invalidation): 22.55 Our preference Short positions below 22.55 with targets at 20.20 & 19.50 in extension. Alternative scenario...