Jiming Huang / Blog
The Italian budget situation took centre stage on Monday morning as traders return from the weekend. The FTSE MIB gave up another 1.80% to reach 19,962 points, its lowest level since April 2017. In the bond market, the country’s sovereign yields accelerated Friday’s upward trend...
Pivot (invalidation): 74.60 Our preference Short positions below 74.60 with targets at 72.95 & 72.35 in extension. Alternative scenario Above 74.60 look for further upside with 75.20 & 75.60 as targets...
Pivot (invalidation): 14.6600 Our preference Short positions below 14.6600 with targets at 14.3400 & 14.2300 in extension. Alternative scenario Above 14.6600 look for further upside with 14.7700 & 14.8200 as targets...
Pivot (invalidation): 1202.00 Our preference Short positions below 1202.00 with targets at 1192.50 & 1189.00 in extension. Alternative scenario Above 1202.00 look for further upside with 1206.00 & 1208.50 as targets...
Pivot (invalidation): 2904.00 Our preference Short positions below 2904.00 with targets at 2869.25 & 2864.00 in extension. Alternative scenario Above 2904.00 look for further upside with 2910.00 & 2917.75 as targets...
Pivot (invalidation): 12185.00 Our preference Short positions below 12185.00 with targets at 12040.00 & 12000.00 in extension. Alternative scenario Above 12185.00 look for further upside with 12280.00 & 12350.00 as targets...
Pivot (invalidation): 6.1070 Our preference Long positions above 6.1070 with targets at 6.1830 & 6.2290 in extension. Alternative scenario Below 6.1070 look for further downside with 6.0590 & 6.0270 as targets...
Pivot (invalidation): 0.7070 Our preference Short positions below 0.7070 with targets at 0.7035 & 0.7010 in extension. Alternative scenario Above 0.7070 look for further upside with 0.7090 & 0.7115 as targets...
Pivot (invalidation): 1.2930 Our preference Long positions above 1.2930 with targets at 1.2975 & 1.3000 in extension. Alternative scenario Below 1.2930 look for further downside with 1.2910 & 1.2885 as targets...