Jiming Huang / Blog
Pivot (invalidation): 0.6200 Our preference Short positions below 0.6200 with targets at 0.6110 & 0.6055 in extension. Alternative scenario...
Pivot (invalidation): 1.4000 Our preference Long positions above 1.4000 with targets at 1.4085 & 1.4155 in extension. Alternative scenario...
Pivot (invalidation): 0.9500 Our preference Long positions above 0.9500 with targets at 0.9560 & 0.9600 in extension. Alternative scenario...
Pivot (invalidation): 107.90 Our preference Short positions below 107.90 with targets at 107.00 & 106.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2475 Our preference Short positions below 1.2475 with targets at 1.2290 & 1.2205 in extension. Alternative scenario...
Pivot (invalidation): 1.1140 Our preference Short positions below 1.1140 with targets at 1.1060 & 1.1020 in extension. Alternative scenario...
WTI crude consolidates a touch below $25 a barrel and will likely gyrate within the $20-$25 area, with a greater possibility of breaking this range to the topside. In the foreign exchange markets, the EURUSD rallied to 1.1086 on a broadly softer US dollar...
The jobless claims in the US rose past the 3 million mark last week, a sign that the covid-19 has started taking a severe toll on the US labour market and the US now has the most coronavirus cases in the world, hinting that the situation is about to get worse in the coming weeks...
Pivot (invalidation): 23.45 Our preference Short positions below 23.45 with targets at 22.40 & 21.80 in extension. Alternative scenario...