Jiming Huang / Blog
Pivot (invalidation): 1.3170 Our preference Long positions above 1.3170 with targets at 1.3220 & 1.3260 in extension. Alternative scenario Below 1.3170 look for further downside with 1.3140 & 1.3085 as targets...
Pivot (invalidation): 1.1295 Our preference Short positions below 1.1295 with targets at 1.1235 & 1.1210 in extension. Alternative scenario Above 1.1295 look for further upside with 1.1325 & 1.1360 as targets...
To watchers of the US Federal Reserve, the biggest surprise lately was an announcement to end balance sheet reduction in September. This should keep assets near USD3.5 trillion, significantly higher than previously indicated...
After the UK Parliament took control of Brexit on Monday, the pound sterling stabilised at around USD 1.32, showing that all options remain on the table...
Pivot (invalidation): 58.75 Our preference Long positions above 58.75 with targets at 59.60 & 60.05 in extension. Alternative scenario Below 58.75 look for further downside with 58.20 & 57.75 as targets...
Pivot (invalidation): 15.4600 Our preference Long positions above 15.4600 with targets at 15.6300 & 15.7000 in extension. Alternative scenario Below 15.4600 look for further downside with 15.4100 & 15.3400 as targets...
Pivot (invalidation): 1316.00 Our preference Long positions above 1316.00 with targets at 1327.50 & 1333.00 in extension. Alternative scenario Below 1316.00 look for further downside with 1310.00 & 1307.00 as targets...
Pivot (invalidation): 2783.00 Our preference Long positions above 2783.00 with targets at 2822.50 & 2844.75 in extension. Alternative scenario Below 2783.00 look for further downside with 2767.25 & 2743.00 as targets...
Pivot (invalidation): 11440.00 Our preference Short positions below 11440.00 with targets at 11230.00 & 11160.00 in extension. Alternative scenario Above 11440.00 look for further upside with 11520.00 & 11590.00 as targets...