Jiming Huang / Blog
Pivot (invalidation): 1.1050 Our preference Short positions below 1.1050 with targets at 1.1015 & 1.0995 in extension. Alternative scenario...
Abqaiq sits at the heart of the Saudi energy system, with most of the oil produced in the kingdom processed there. Saudi Arabia holds nearly 70% of the global spare capacity...
While the position netted a modest gain, we see further profit potential as limited. We now believe the Federal Reserve will be willing to cut rates more decisively than we expected when we adopted the trade in early June because its outlook for US growth has moderated...
Pivot (invalidation): 60.40 Our preference Short positions below 60.40 with targets at 57.20 & 56.30 in extension. Alternative scenario...
Pivot (invalidation): 17.8700 Our preference Long positions above 17.8700 with targets at 18.0900 & 18.1800 in extension. Alternative scenario...
Pivot (invalidation): 1495.50 Our preference Long positions above 1495.50 with targets at 1507.00 & 1512.00 in extension. Alternative scenario...
Pivot (invalidation): 2991.00 Our preference Long positions above 2991.00 with targets at 3020.00 & 3029.00 in extension. Alternative scenario...
Pivot (invalidation): 12449.00 Our preference Short positions below 12449.00 with targets at 12300.00 & 12210.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7180 Our preference Short positions below 5.7180 with targets at 5.6870 & 5.6630 in extension. Alternative scenario...