Jiming Huang / Blog
Pivot (invalidation): 0.7260 Our preference Short positions below 0.7260 with targets at 0.7235 & 0.7220 in extension. Alternative scenario Above 0.7260 look for further upside with 0.7275 & 0.7300 as targets...
Pivot (invalidation): 1.3215 Our preference Short positions below 1.3215 with targets at 1.3175 & 1.3150 in extension. Alternative scenario Above 1.3215 look for further upside with 1.3240 & 1.3270 as targets...
Pivot (invalidation): 0.9960 Our preference Short positions below 0.9960 with targets at 0.9925 & 0.9900 in extension. Alternative scenario Above 0.9960 look for further upside with 0.9990 & 1.0010 as targets...
Pivot (invalidation): 113.05 Our preference Short positions below 113.05 with targets at 112.80 & 112.60 in extension. Alternative scenario Above 113.05 look for further upside with 113.25 & 113.40 as targets...
Pivot (invalidation): 1.2850 Our preference Long positions above 1.2850 with targets at 1.2900 & 1.2930 in extension. Alternative scenario Below 1.2850 look for further downside with 1.2820 & 1.2785 as targets...
Pivot (invalidation): 1.1395 Our preference Long positions above 1.1395 with targets at 1.1435 & 1.1465 in extension. Alternative scenario Below 1.1395 look for further downside with 1.1380 & 1.1360 as targets...
Asian stock markets held to their gains and are on the way to close the week in positive territory...
The bear market in crude started early October 2018 and is not ending. The 6 December 2018 OPEC meeting in Vienna will be a key event: the group of 15 could decide to either cut production in the range of 1.4 million barrels per day or stick with the current production plan...
Pivot (invalidation): 54.00 Our preference Long positions above 54.00 with targets at 55.10 & 55.85 in extension. Alternative scenario Below 54.00 look for further downside with 53.40 & 52.80 as targets...