Jiming Huang / Blog
Pivot (invalidation): 1.1515 Our preference Short positions below 1.1515 with targets at 1.1460 & 1.1410 in extension. Alternative scenario Above 1.1515 look for further upside with 1.1565 & 1.1595 as targets...
The Turkish lira took another hit on Wednesday amid disappointing inflation figures. Headline inflation measure broke another record in September as it climbed to 24.52%y/y, beating widely market’s estimate of 21.10% and up from 17.90% in August...
Market sat through a directionless market as no real issues took center stage. Global equities were mixed as movement was based on idiosyncratic events. Overall there remains a slightly bias to be risk off...
Pivot (invalidation): 74.90 Our preference Long positions above 74.90 with targets at 75.55 & 75.90 in extension. Alternative scenario Below 74.90 look for further downside with 74.25 & 73.65 as targets...
Pivot (invalidation): 14.6200 Our preference Long positions above 14.6200 with targets at 14.9000 & 15.0700 in extension. Alternative scenario Below 14.6200 look for further downside with 14.4500 & 14.3400 as targets...
Pivot (invalidation): 1201.00 Our preference Long positions above 1201.00 with targets at 1211.00 & 1217.00 in extension. Alternative scenario Below 1201.00 look for further downside with 1197.50 & 1194.00 as targets...
Pivot (invalidation): 2917.75 Our preference Long positions above 2917.75 with targets at 2931.00 & 2937.00 in extension. Alternative scenario Below 2917.75 look for further downside with 2914.00 & 2909.50 as targets...
Pivot (invalidation): 12312.00 Our preference Short positions below 12312.00 with targets at 12190.00 & 12152.00 in extension. Alternative scenario Above 12312.00 look for further upside with 12340.00 & 12374.00 as targets...
Pivot (invalidation): 5.9700 Our preference Long positions above 5.9700 with targets at 6.0170 & 6.0540 in extension. Alternative scenario Below 5.9700 look for further downside with 5.9300 & 5.9000 as targets...