Jiming Huang / Blog
Pivot (invalidation): 5.3050 Our preference Long positions above 5.3050 with targets at 5.3300 & 5.3410 in extension. Alternative scenario Below 5.3050 look for further downside with 5.2970 & 5.2860 as targets...
Pivot (invalidation): 0.7165 Our preference Short positions below 0.7165 with targets at 0.7125 & 0.7100 in extension. Alternative scenario Above 0.7165 look for further upside with 0.7180 & 0.7200 as targets...
Pivot (invalidation): 1.3165 Our preference Short positions below 1.3165 with targets at 1.3125 & 1.3110 in extension. Alternative scenario Above 1.3165 look for further upside with 1.3190 & 1.3210 as targets...
Pivot (invalidation): 1.0015 Our preference Short positions below 1.0015 with targets at 0.9975 & 0.9955 in extension. Alternative scenario Above 1.0015 look for further upside with 1.0030 & 1.0045 as targets...
Pivot (invalidation): 110.70 Our preference Long positions above 110.70 with targets at 111.05 & 111.20 in extension. Alternative scenario Below 110.70 look for further downside with 110.50 & 110.30 as targets...
Pivot (invalidation): 1.3285 Our preference Long positions above 1.3285 with targets at 1.3350 & 1.3375 in extension. Alternative scenario Below 1.3285 look for further downside with 1.3260 & 1.3230 as targets...
Pivot (invalidation): 1.1360 Our preference Long positions above 1.1360 with targets at 1.1400 & 1.1415 in extension. Alternative scenario Below 1.1360 look for further downside with 1.1345 & 1.1325 as targets...
Rising 30% since lows of December, crude oil has gained following the last OPEC meeting of last year. Production was curbed 1.53 million barrels per day in January, as Saudi Arabia cut supply, despite the USA production peak of 12 million bpd...
US Federal Reserve Bank Chairman Jerome Powell yesterday told the US Senate’s Banking Committee that the Fed has definitely changed its monetary policy: it will now be “data dependent” and “patient”...