Jiming Huang / Blog
Pivot (invalidation): 111.10 Our preference Long positions above 111.10 with targets at 111.35 & 111.50 in extension. Alternative scenario Below 111.10 look for further downside with 110.95 & 110.70 as targets...
Pivot (invalidation): 1.2885 Our preference Short positions below 1.2885 with targets at 1.2850 & 1.2830 in extension. Alternative scenario Above 1.2885 look for further upside with 1.2910 & 1.2935 as targets...
Pivot (invalidation): 1.1680 Our preference Long positions above 1.1680 with targets at 1.1710 & 1.1730 in extension. Alternative scenario Below 1.1680 look for further downside with 1.1655 & 1.1630 as targets...
Crude oil is about to end another week in green, as a barrel of West Texas Intermediate rose as high as $72.78. Despite anticipations of tighter supply, thanks to Iran sanctions and shrinking output in Venezuela, crude prices have tread water since Tuesday. The $71.45 – $72...
Concern over Italy’s budget are overwrought. The government in Rome has passed a budget with a 2.4% deficit relative to GDP – slightly higher than expected, considerably higher than 1.6%-1.8% recommended. Euro Stoxx 50 are lower while EUR/USD has fallen 1.40% to 1.1620...
Pivot (invalidation): 72.50 Our preference Short positions below 72.50 with targets at 71.70 & 71.45 in extension. Alternative scenario Above 72.50 look for further upside with 72.80 & 73.20 as targets...
Pivot (invalidation): 14.3000 Our preference Short positions below 14.3000 with targets at 14.2000 & 14.1500 in extension. Alternative scenario Above 14.3000 look for further upside with 14.3800 & 14.4500 as targets...
Pivot (invalidation): 1188.00 Our preference Short positions below 1188.00 with targets at 1182.00 & 1176.00 in extension. Alternative scenario Above 1188.00 look for further upside with 1191.50 & 1194.00 as targets...
Pivot (invalidation): 2903.00 Our preference Long positions above 2903.00 with targets at 2927.00 & 2941.00 in extension. Alternative scenario Below 2903.00 look for further downside with 2893.00 & 2886.00 as targets...