Jiming Huang / Blog
Pivot (invalidation): 13640.00 Our preference Long positions above 13640.00 with targets at 13730.00 & 13795.00 in extension. Alternative scenario Below 13640.00 look for further downside with 13560.00 & 13520.00 as targets...
Pivot (invalidation): 7.7410 Our preference Short positions below 7.7410 with targets at 7.6890 & 7.6580 in extension. Alternative scenario Above 7.7410 look for further upside with 7.7720 & 7.8000 as targets...
Pivot (invalidation): 0.7630 Our preference Short positions below 0.7630 with targets at 0.7580 & 0.7565 in extension. Alternative scenario Above 0.7630 look for further upside with 0.7650 & 0.7665 as targets...
Pivot (invalidation): 1.2715 Our preference Long positions above 1.2715 with targets at 1.2765 & 1.2780 in extension. Alternative scenario Below 1.2715 look for further downside with 1.2700 & 1.2685 as targets...
Pivot (invalidation): 0.8820 Our preference Long positions above 0.8820 with targets at 0.8860 & 0.8880 in extension. Alternative scenario Below 0.8820 look for further downside with 0.8800 & 0.8780 as targets...
Pivot (invalidation): 103.10 Our preference Long positions above 103.10 with targets at 103.70 & 103.90 in extension. Alternative scenario Below 103.10 look for further downside with 102.90 & 102.70 as targets...
Pivot (invalidation): 1.3590 Our preference Short positions below 1.3590 with targets at 1.3495 & 1.3450 in extension. Alternative scenario Above 1.3590 look for further upside with 1.3620 & 1.3655 as targets...
Pivot (invalidation): 1.2275 Our preference Short positions below 1.2275 with targets at 1.2225 & 1.2200 in extension. Alternative scenario Above 1.2275 look for further upside with 1.2300 & 1.2325 as targets...
In the commodity market, oil prices rose to a nine-month high after the US reported a decline in crude stockpiles last week and amid stimulus hopes. Both the WTI and Brent are up over 1% to the highest level since the beginning of March...