Jiming Huang / Blog
Pivot (invalidation): 0.9720 Our preference Long positions above 0.9720 with targets at 0.9750 & 0.9770 in extension. Alternative scenario...
Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 110.15 & 110.30 in extension. Alternative scenario...
Pivot (invalidation): 1.3015 Our preference Short positions below 1.3015 with targets at 1.2955 & 1.2940 in extension. Alternative scenario...
Pivot (invalidation): 1.1015 Our preference Short positions below 1.1015 with targets at 1.0985 & 1.0970 in extension. Alternative scenario...
WTI crude is sputtering near the $50 a barrel. What keeps the price from tumbling further is certainly the expectation that the OPEC+ could lower its production by a million barrels per day to readjust its offer to the sharp decline in oil demand caused by the coronavirus...
US equities rallied on Tuesday. The S&P500 (+1.44%) and the Dow (+1.50%) recovered as Nasdaq surged 2% to a fresh all-time high. The correction of the coronavirus sell-off and the rush towards technology stocks were the major catalysts...
Pivot (invalidation): 50.45 Our preference Short positions below 50.45 with targets at 49.70 & 49.30 in extension. Alternative scenario...
Pivot (invalidation): 17.6800 Our preference Short positions below 17.6800 with targets at 17.5000 & 17.4100 in extension. Alternative scenario...
Pivot (invalidation): 1563.00 Our preference Short positions below 1563.00 with targets at 1552.00 & 1549.00 in extension. Alternative scenario...