Jiming Huang / Blog
Pivot (invalidation): 1.3190 Our preference Long positions above 1.3190 with targets at 1.3235 & 1.3260 in extension. Alternative scenario...
Pivot (invalidation): 1.1125 Our preference Long positions above 1.1125 with targets at 1.1155 & 1.1170 in extension. Alternative scenario...
A New York state judge found Exxon Mobil Corp. not guilty of fraud, saying that the New York state attorney general had failed to establish the oil giant had deceived its investors about how it accounted for the cost of future climate-change regulations...
The near terms verdict is that OPEC+ reduction in crude oil output will keep the price supported (wti around $59 handle), considering worldwide glut and general habit of members to cheat...
Pivot (invalidation): 58.70 Our preference Long positions above 58.70 with targets at 59.10 & 59.35 in extension. Alternative scenario...
Pivot (invalidation): 16.6800 Our preference Short positions below 16.6800 with targets at 16.5600 & 16.5000 in extension. Alternative scenario...
Pivot (invalidation): 1466.00 Our preference Short positions below 1466.00 with targets at 1462.00 & 1459.00 in extension. Alternative scenario...
Pivot (invalidation): 3124.50 Our preference Long positions above 3124.50 with targets at 3150.50 & 3164.00 in extension. Alternative scenario...
Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13180.00 & 13260.00 in extension. Alternative scenario...