Jiming Huang / Blog
In the commodity market, oil is juggled by bulls and bears. Initially, crude futures increased as the US Gulf Coast is about to see a third storm in about a month, which will continue the disruptions in production...
Pivot (invalidation): 39.40 Our preference Long positions above 39.40 with targets at 40.30 & 40.85 in extension. Alternative scenario Below 39.40 look for further downside with 38.80 & 38.25 as targets...
Pivot (invalidation): 27.1000 Our preference Short positions below 27.1000 with targets at 26.5400 & 26.2000 in extension. Alternative scenario Above 27.1000 look for further upside with 27.4300 & 27.6100 as targets...
Pivot (invalidation): 1953.00 Our preference Short positions below 1953.00 with targets at 1929.00 & 1919.00 in extension. Alternative scenario Above 1953.00 look for further upside with 1962.00 & 1973.00 as targets...
Pivot (invalidation): 3428.00 Our preference Short positions below 3428.00 with targets at 3362.00 & 3310.00 in extension. Alternative scenario Above 3428.00 look for further upside with 3452.00 & 3500.00 as targets...
Pivot (invalidation): 13339.00 Our preference Short positions below 13339.00 with targets at 13110.00 & 12930.00 in extension. Alternative scenario Above 13339.00 look for further upside with 13460.00 & 13560.00 as targets...
Pivot (invalidation): 7.4730 Our preference Long positions above 7.4730 with targets at 7.5210 & 7.5400 in extension. Alternative scenario Below 7.4730 look for further downside with 7.4560 & 7.4410 as targets...
Pivot (invalidation): 0.7290 Our preference Short positions below 0.7290 with targets at 0.7250 & 0.7230 in extension. Alternative scenario Above 0.7290 look for further upside with 0.7310 & 0.7340 as targets...
Pivot (invalidation): 1.3200 Our preference Long positions above 1.3200 with targets at 1.3240 & 1.3265 in extension. Alternative scenario Below 1.3200 look for further downside with 1.3175 & 1.3150 as targets...