Jiming Huang / Blog
Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2930 & 1.2915 in extension. Alternative scenario Above 1.2965 look for further upside with 1.2985 & 1.3000 as targets...
Pivot (invalidation): 0.9655 Our preference Short positions below 0.9655 with targets at 0.9635 & 0.9605 in extension. Alternative scenario Above 0.9655 look for further upside with 0.9670 & 0.9680 as targets...
Pivot (invalidation): 112.80 Our preference Long positions above 112.80 with targets at 113.00 & 113.15 in extension. Alternative scenario Below 112.80 look for further downside with 112.65 & 112.50 as targets...
Pivot (invalidation): 1.3155 Our preference Long positions above 1.3155 with targets at 1.3195 & 1.3225 in extension. Alternative scenario Below 1.3155 look for further downside with 1.3125 & 1.3100 as targets...
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1775 & 1.1795 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1730 & 1.1710 as targets...
Budget talks in Rome end on Thursday, and there is risk that it could exceed investors’ expectations, putting additional pressure on the Euro. Early September estimates were 1.50% of GDP; recent estimates are 2% - still below the EU’s 3% limit...
Tightening supply is pushing oil prices higher. The USA has sanctioned Iranian crude exports, while at home capacity constraints and pipeline bottlenecks are tightening, and inventories have hit their lowest level since 2015. This, despite US crude production reaching an all-time high June...
Pivot (invalidation): 71.65 Our preference Long positions above 71.65 with targets at 72.75 & 73.10 in extension. Alternative scenario Below 71.65 look for further downside with 70.90 & 70.50 as targets...
Pivot (invalidation): 14.1800 Our preference Long positions above 14.1800 with targets at 14.2800 & 14.3500 in extension. Alternative scenario Below 14.1800 look for further downside with 14.1300 & 14.0700 as targets...