Jiming Huang / Blog
But despite the increasing global glut, WTI crude held support at $20 per barrel. First, because the Saudi’s increased production is certainly countered by lower production elsewhere due to the very low oil prices...
Major US stock indices lost circa 4.40% on Wednesday, but this time the sell-off was driven by European markets amid major European banks announced they will not pay dividends in 2020...
Pivot (invalidation): 20.55 Our preference Long positions above 20.55 with targets at 21.55 & 21.90 in extension. Alternative scenario...
Pivot (invalidation): 14.1000 Our preference Short positions below 14.1000 with targets at 13.7900 & 13.6100 in extension. Alternative scenario...
Pivot (invalidation): 1596.00 Our preference Short positions below 1596.00 with targets at 1576.00 & 1567.00 in extension. Alternative scenario...
Pivot (invalidation): 2520.00 Our preference Short positions below 2520.00 with targets at 2430.00 & 2360.00 in extension. Alternative scenario...
Pivot (invalidation): 9950.00 Our preference Short positions below 9950.00 with targets at 9453.00 & 9080.00 in extension. Alternative scenario...
Pivot (invalidation): 6.6730 Our preference Long positions above 6.6730 with targets at 6.7300 & 6.7570 in extension. Alternative scenario...
Pivot (invalidation): 0.6095 Our preference Short positions below 0.6095 with targets at 0.6045 & 0.6020 in extension. Alternative scenario...