Jiming Huang / Blog
Pivot (invalidation): 0.7190 Our preference Long positions above 0.7190 with targets at 0.7220 & 0.7235 in extension. Alternative scenario Below 0.7190 look for further downside with 0.7175 & 0.7155 as targets...
Pivot (invalidation): 1.3245 Our preference Long positions above 1.3245 with targets at 1.3295 & 1.3315 in extension. Alternative scenario Below 1.3245 look for further downside with 1.3220 & 1.3195 as targets...
Pivot (invalidation): 0.9845 Our preference Long positions above 0.9845 with targets at 0.9895 & 0.9930 in extension. Alternative scenario Below 0.9845 look for further downside with 0.9820 & 0.9795 as targets...
Pivot (invalidation): 108.75 Our preference Short positions below 108.75 with targets at 108.30 & 108.10 in extension. Alternative scenario Above 108.75 look for further upside with 109.00 & 109.45 as targets...
Pivot (invalidation): 1.2820 Our preference Long positions above 1.2820 with targets at 1.2890 & 1.2930 in extension. Alternative scenario Below 1.2820 look for further downside with 1.2770 & 1.2730 as targets...
Pivot (invalidation): 1.1430 Our preference Short positions below 1.1430 with targets at 1.1380 & 1.1345 in extension. Alternative scenario Above 1.1430 look for further upside with 1.1460 & 1.1490 as targets...
Chinese officials confirmed further monetary easing to support economic growth, including tax stimuli and credits – and this pleased investors...
Tonight will see the UK House of Commons vote on Prime Minister Theresa May’s proposed Withdrawal Agreement at about 7 pm London time. We expect a refusal. If May is rebuffed enough, we could see vote of no confidence against the government or May’s resignation...
o Pivot (invalidation): 51.40 Our preference Short positions below 51.40 with targets at 50.20 & 49.30 in extension. Alternative scenario...