Jiming Huang / Blog
Pivot (invalidation): 12220.00 Our preference Short positions below 12220.00 with targets at 11840.00 & 11624.00 in extension. Alternative scenario...
Pivot (invalidation): 46.90 Our preference Long positions above 46.90 with targets at 48.65 & 49.70 in extension. Alternative scenario...
Pivot (invalidation): 0.6620 Our preference Short positions below 0.6620 with targets at 0.6575 & 0.6555 in extension. Alternative scenario...
Pivot (invalidation): 0.9550 Our preference Long positions above 0.9550 with targets at 0.9585 & 0.9605 in extension. Alternative scenario...
Pivot (invalidation): 1.3385 Our preference Short positions below 1.3385 with targets at 1.3335 & 1.3310 in extension. Alternative scenario...
Pivot (invalidation): 1.2830 Our preference Short positions below 1.2830 with targets at 1.2795 & 1.2760 in extension. Alternative scenario...
Pivot (invalidation): 106.80 Our preference Long positions above 106.80 with targets at 107.65 & 108.15 in extension. Alternative scenario...
Pivot (invalidation): 1.1190 Our preference Short positions below 1.1190 with targets at 1.1145 & 1.1115 in extension. Alternative scenario...
WTI crude advanced past $48 a barrel on hope that the additional cheap cash supply from central banks would boost the energy demand and lift oil prices. Plus, OPEC will meet on March 5-6 and will likely curb production with or without the support of Russia...