Jiming Huang / Blog
Equity markets soften as investors avoided risk after the IMF downgraded its global growth forecasts. Crude oil fell on the lower growth outlook and Russian voicing approval with the current level of oil prices...
Pivot (invalidation): 64.45 Our preference Short positions below 64.45 with targets at 63.70 & 63.50 in extension. Alternative scenario Above 64.45 look for further upside with 64.75 & 65.20 as targets...
Pivot (invalidation): 15.2500 Our preference Short positions below 15.2500 with targets at 15.0400 & 14.9800 in extension. Alternative scenario Above 15.2500 look for further upside with 15.3400 & 15.4600 as targets...
Pivot (invalidation): 1300.00 Our preference Long positions above 1300.00 with targets at 1306.00 & 1308.50 in extension. Alternative scenario Below 1300.00 look for further downside with 1296.00 & 1291.00 as targets...
Pivot (invalidation): 2892.00 Our preference Short positions below 2892.00 with targets at 2869.00 & 2859.25 in extension. Alternative scenario Above 2892.00 look for further upside with 2909.50 & 2919.00 as targets...
Pivot (invalidation): 11920.00 Our preference Short positions below 11920.00 with targets at 11800.00 & 11750.00 in extension. Alternative scenario Above 11920.00 look for further upside with 11986.00 & 12030.00 as targets...
Pivot (invalidation): 5.6750 Our preference Long positions above 5.6750 with targets at 5.7000 & 5.7170 in extension. Alternative scenario Below 5.6750 look for further downside with 5.6520 & 5.6280 as targets...
Pivot (invalidation): 0.7130 Our preference Short positions below 0.7130 with targets at 0.7100 & 0.7085 in extension. Alternative scenario Above 0.7130 look for further upside with 0.7150 & 0.7165 as targets...