Jiming Huang / Blog
Pivot (invalidation): 0.7090 Our preference Long positions above 0.7090 with targets at 0.7130 & 0.7160 in extension. Alternative scenario Below 0.7090 look for further downside with 0.7070 & 0.7050 as targets...
Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2910 & 1.2885 in extension. Alternative scenario Above 1.2965 look for further upside with 1.3005 & 1.3030 as targets...
Pivot (invalidation): 0.9930 Our preference Short positions below 0.9930 with targets at 0.9890 & 0.9865 in extension. Alternative scenario Above 0.9930 look for further upside with 0.9955 & 0.9970 as targets...
Pivot (invalidation): 113.20 Our preference Short positions below 113.20 with targets at 112.80 & 112.55 in extension. Alternative scenario Above 113.20 look for further upside with 113.40 & 113.55 as targets...
Pivot (invalidation): 1.3125 Our preference Long positions above 1.3125 with targets at 1.3170 & 1.3210 in extension. Alternative scenario Below 1.3125 look for further downside with 1.3100 & 1.3070 as targets...
Pivot (invalidation): 1.1485 Our preference Long positions above 1.1485 with targets at 1.1530 & 1.1550 in extension. Alternative scenario Below 1.1485 look for further downside with 1.1470 & 1.1445 as targets...
As US sanctions against Iran crude exports are approaching, exports from the Islamic Republic are slowing down...
Markets are nervously watching US rates. 10-year yields are now at 3.25% (climbing over 80 bps in a month) with little sight of weakening. 2-year yields are stuck around 2.87%. The economy is growing at 3.2-3.5% with no real loss of momentum...
Pivot (invalidation): 73.85 Our preference Long positions above 73.85 with targets at 75.20 & 75.60 in extension. Alternative scenario Below 73.85 look for further downside with 73.50 & 73.05 as targets...