Jiming Huang / Blog
Pivot (invalidation): 5.9530 Our preference Long positions above 5.9530 with targets at 5.9800 & 6.0000 in extension. Alternative scenario Below 5.9530 look for further downside with 5.9400 & 5.9260 as targets...
Pivot (invalidation): 0.7060 Our preference Short positions below 0.7060 with targets at 0.7030 & 0.7020 in extension. Alternative scenario Above 0.7060 look for further upside with 0.7080 & 0.7100 as targets...
Pivot (invalidation): 1.3400 Our preference Short positions below 1.3400 with targets at 1.3350 & 1.3330 in extension. Alternative scenario Above 1.3400 look for further upside with 1.3430 & 1.3460 as targets...
Pivot (invalidation): 1.0200 Our preference Short positions below 1.0200 with targets at 1.0180 & 1.0170 in extension. Alternative scenario Above 1.0200 look for further upside with 1.0215 & 1.0225 as targets...
Pivot (invalidation): 111.25 Our preference Long positions above 111.25 with targets at 111.70 & 111.90 in extension. Alternative scenario Below 111.25 look for further downside with 111.00 & 110.80 as targets...
Pivot (invalidation): 1.3025 Our preference Long positions above 1.3025 with targets at 1.3050 & 1.3080 in extension. Alternative scenario Below 1.3025 look for further downside with 1.3010 & 1.2990 as targets...
Pivot (invalidation): 1.1200 Our preference Long positions above 1.1200 with targets at 1.1230 & 1.1245 in extension. Alternative scenario Below 1.1200 look for further downside with 1.1175 & 1.1165 as targets...
After showing a series of upbeat PMI figures last month, it seems that today’s data is running short of expectations...
Pivot (invalidation): 62.85 Our preference Long positions above 62.85 with targets at 63.85 & 64.35 in extension. Alternative scenario Below 62.85 look for further downside with 62.30 & 61.95 as targets...