Jiming Huang / Blog
Pivot (invalidation): 10100.00 Our preference Long positions above 10100.00 with targets at 10585.00 & 10700.00 in extension. Alternative scenario...
Pivot (invalidation): 6.9070 Our preference Long positions above 6.9070 with targets at 6.9570 & 6.9800 in extension. Alternative scenario...
Pivot (invalidation): 0.6340 Our preference Long positions above 0.6340 with targets at 0.6400 & 0.6425 in extension. Alternative scenario...
c Pivot (invalidation): 1.4060 Our preference Short positions below 1.4060 with targets at 1.4000 & 1.3960 in extension...
U Pivot (invalidation): 0.9700 Our preference Short positions below 0.9700 with targets at 0.9665 & 0.9645 in extension...
Pivot (invalidation): 107.90 Our preference Short positions below 107.90 with targets at 107.50 & 107.35 in extension. Alternative scenario...
Pivot (invalidation): 1.2470 Our preference Long positions above 1.2470 with targets at 1.2540 & 1.2570 in extension. Alternative scenario...
Pivot (invalidation): 1.0845 Our preference Long positions above 1.0845 with targets at 1.0890 & 1.0905 in extension. Alternative scenario...
WTI crude slipped below the $20 a barrel for the first time in a move that has been more sustainable than we have seen previously, after the IEA said that the global oil demand will slump 9% this year, meanwhile the oil storage will be full by mid-2020...