Jiming Huang / Blog
Pivot (invalidation): 1.1160 Our preference Short positions below 1.1160 with targets at 1.1135 & 1.1125 in extension. Alternative scenario Above 1.1160 look for further upside with 1.1185 & 1.1205 as targets...
Despite a plethora of macro and micro risks, positive sentiment has become entrenched today. The likely catalyst for the broad risk-on environment is an expectation for ECB policy easing. Wall Street was stronger and Asia followed with gains across the board. EURUSD is back to year lows at 1.1130...
Pivot (invalidation): 56.55 Our preference Short positions below 56.55 with targets at 55.35 & 54.85 in extension. Alternative scenario Above 56.55 look for further upside with 56.95 & 57.30 as targets...
Pivot (invalidation): 16.4700 Our preference Long positions above 16.4700 with targets at 16.6300 & 16.7200 in extension. Alternative scenario Below 16.4700 look for further downside with 16.3100 & 16.1800 as targets...
Pivot (invalidation): 1419.00 Our preference Long positions above 1419.00 with targets at 1430.00 & 1434.00 in extension. Alternative scenario Below 1419.00 look for further downside with 1414.00 & 1410.00 as targets...
Pivot (invalidation): 3004.00 Our preference Long positions above 3004.00 with targets at 3030.00 & 3037.00 in extension. Alternative scenario Below 3004.00 look for further downside with 2995.00 & 2986.00 as targets...
Pivot (invalidation): 12450.00 Our preference Long positions above 12450.00 with targets at 12556.00 & 12620.00 in extension. Alternative scenario Below 12450.00 look for further downside with 12370.00 & 12290.00 as targets...
Pivot (invalidation): 5.6930 Our preference Long positions above 5.6930 with targets at 5.7280 & 5.7400 in extension. Alternative scenario Below 5.6930 look for further downside with 5.6770 & 5.6600 as targets...
a Pivot (invalidation): 0.6985 Our preference Short positions below 0.6985 with targets at 0.6945 & 0.6930 in extension. Alternative scenario...