Jiming Huang / Blog
Pivot (invalidation): 1.3085 Our preference Long positions above 1.3085 with targets at 1.3135 & 1.3165 in extension. Alternative scenario Below 1.3085 look for further downside with 1.3055 & 1.3030 as targets...
Pivot (invalidation): 1.1665 Our preference Long positions above 1.1665 with targets at 1.1715 & 1.1735 in extension. Alternative scenario Below 1.1665 look for further downside with 1.1645 & 1.1610 as targets...
Crude oil is in full hesitation. Multiple events colliding, putting traders in a difficult situation. In June US inventories fell to a 2-year low and supply risks from both Venezuela and Iran boosted prices. But the trend is reversing...
Today will see action by the Central Bank of Turkey, expected to increase the one-week repo rate by 3.25% to 21%. Any smaller increase would trigger another sell-off in the Turkish lira, which could bring USD/TRY back above 7.0. After falling 1.35% yesterday, USD/TRY edged higher to 6...
Pivot (invalidation): 70.50 Our preference Short positions below 70.50 with targets at 69.15 & 68.70 in extension. Alternative scenario Above 70.50 look for further upside with 70.90 & 71.25 as targets...
Pivot (invalidation): 14.1500 Our preference Long positions above 14.1500 with targets at 14.3000 & 14.3800 in extension. Alternative scenario Below 14.1500 look for further downside with 14.0600 & 13.9900 as targets...
Pivot (invalidation): 1202.25 Our preference Long positions above 1202.25 with targets at 1208.50 & 1212.50 in extension. Alternative scenario Below 1202.25 look for further downside with 1198.00 & 1192.50 as targets...
Pivot (invalidation): 2880.00 Our preference Long positions above 2880.00 with targets at 2898.00 & 2911.00 in extension. Alternative scenario Below 2880.00 look for further downside with 2866.00 & 2854.00 as targets...
Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12095.00 & 12160.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11880.00 & 11800.00 as targets...