Jiming Huang / Blog
WTI crude traded a touch below the $48 mark per barrel. The two-day OPEC meeting starts today. Announcement of lower OPEC production could be the last piece in the puzzle to cement the recovery in the equity markets. But OPEC needs to pay up for that...
US equities coughed to life as the Congress agreed to spend $7.8 billion to combat the coronavirus on Wednesday. This was three times the amount suggested by President Donald Trump, a kind of surprise needed to boost the investor sentiment nowadays...
Pivot (invalidation): 47.75 Our preference Short positions below 47.75 with targets at 46.75 & 46.45 in extension. Alternative scenario...
Pivot (invalidation): 17.0400 Our preference Long positions above 17.0400 with targets at 17.3300 & 17.4700 in extension. Alternative scenario...
Pivot (invalidation): 1631.00 Our preference Long positions above 1631.00 with targets at 1649.00 & 1660.00 in extension. Alternative scenario...
Pivot (invalidation): 3040.00 Our preference Long positions above 3040.00 with targets at 3176.00 & 3256.00 in extension. Alternative scenario...
Pivot (invalidation): 11906.00 Our preference Long positions above 11906.00 with targets at 12200.00 & 12487.00 in extension. Alternative scenario...
Pivot (invalidation): 6.0660 Our preference Long positions above 6.0660 with targets at 6.1200 & 6.1440 in extension. Alternative scenario...
Pivot (invalidation): 0.6600 Our preference Long positions above 0.6600 with targets at 0.6630 & 0.6645 in extension. Alternative scenario...