Jiming Huang / Blog
Pivot (invalidation): 0.9945 Our preference Long positions above 0.9945 with targets at 0.9975 & 0.9995 in extension. Alternative scenario Below 0.9945 look for further downside with 0.9925 & 0.9900 as targets...
Pivot (invalidation): 109.40 Our preference Long positions above 109.40 with targets at 109.75 & 110.00 in extension. Alternative scenario Below 109.40 look for further downside with 109.15 & 108.95 as targets...
Pivot (invalidation): 1.3065 Our preference Long positions above 1.3065 with targets at 1.3100 & 1.3120 in extension. Alternative scenario Below 1.3065 look for further downside with 1.3040 & 1.3015 as targets...
Pivot (invalidation): 1.1465 Our preference Short positions below 1.1465 with targets at 1.1435 & 1.1410 in extension. Alternative scenario Above 1.1465 look for further upside with 1.1490 & 1.1515 as targets...
European economic growth continues to show weakness: it grew 0.20% from the third to the fourth quarter of 2018 to post a yearly gain of 1.20%, a 5-year low and well below the European Central Bank forecast of 2%. There is little upside margin for EU growth...
Pivot (invalidation): 54.35 Our preference Short positions below 54.35 with targets at 53.30 & 52.85 in extension. Alternative scenario Above 54.35 look for further upside with 54.90 & 55.35 as targets...
Pivot (invalidation): 16.0700 Our preference Short positions below 16.0700 with targets at 15.8400 & 15.7700 in extension. Alternative scenario Above 16.0700 look for further upside with 16.1900 & 16.3000 as targets...
Pivot (invalidation): 1315.50 Our preference Long positions above 1315.50 with targets at 1326.00 & 1330.00 in extension. Alternative scenario Below 1315.50 look for further downside with 1312.00 & 1309.00 as targets...
Pivot (invalidation): 2675.50 Our preference Long positions above 2675.50 with targets at 2727.25 & 2753.00 in extension. Alternative scenario Below 2675.50 look for further downside with 2657.50 & 2640.25 as targets...