All Blogs

In the commodity market, oil prices continued the bearish trend after the Energy Information Administration (EIA) reported a 1.001 million barrel draw last week, which is smaller than analysts’ expectations of a 1.021 million-barrel draw...

Wall Street gave up Tuesday gains and ended lower after a wobbling session on Wednesday. The markets were under pressure as investors continued to watch the tough negotiations between Republicans and Democrats to deploy another package of coronavirus relief...

Pivot (invalidation): 40.15 Our preference Short positions below 40.15 with targets at 39.55 & 39.35 in extension. Alternative scenario Above 40.15 look for further upside with 40.45 & 40.80 as targets...

Pivot (invalidation): 25.0700 Our preference Short positions below 25.0700 with targets at 24.5600 & 24.3300 in extension. Alternative scenario Above 25.0700 look for further upside with 25.2800 & 25.4500 as targets...

Pivot (invalidation): 1926.00 Our preference Short positions below 1926.00 with targets at 1904.00 & 1897.00 in extension. Alternative scenario Above 1926.00 look for further upside with 1931.00 & 1939.00 as targets...

Pivot (invalidation): 3480.00 Our preference Short positions below 3480.00 with targets at 3420.00 & 3370.00 in extension. Alternative scenario Above 3480.00 look for further upside with 3515.00 & 3550.00 as targets...

Pivot (invalidation): 12725.00 Our preference Short positions below 12725.00 with targets at 12510.00 & 12340.00 in extension. Alternative scenario Above 12725.00 look for further upside with 12860.00 & 13030.00 as targets...

Pivot (invalidation): 7.7850 Our preference Long positions above 7.7850 with targets at 7.8230 & 7.8510 in extension. Alternative scenario Below 7.7850 look for further downside with 7.7700 & 7.7500 as targets...

Pivot (invalidation): 0.7115 Our preference Short positions below 0.7115 with targets at 0.7070 & 0.7045 in extension. Alternative scenario Above 0.7115 look for further upside with 0.7135 & 0.7150 as targets...

Pivot (invalidation): 1.3135 Our preference Long positions above 1.3135 with targets at 1.3205 & 1.3230 in extension. Alternative scenario Below 1.3135 look for further downside with 1.3105 & 1.3080 as targets...

Pivot (invalidation): 0.9045 Our preference Long positions above 0.9045 with targets at 0.9090 & 0.9110 in extension. Alternative scenario Below 0.9045 look for further downside with 0.9025 & 0.9010 as targets...

Pivot (invalidation): 104.50 Our preference Long positions above 104.50 with targets at 104.85 & 105.00 in extension. Alternative scenario Below 104.50 look for further downside with 104.30 & 104.10 as targets...

Pivot (invalidation): 1.3100 Our preference Long positions above 1.3100 with targets at 1.3175 & 1.3200 in extension. Alternative scenario Below 1.3100 look for further downside with 1.3075 & 1.3045 as targets...

EU Pivot (invalidation): 1.1865 Our preference Short positions below 1.1865 with targets at 1.1815 & 1.1800 in extension. Alternative scenario Above 1.1865 look for further upside with 1.1880 & 1.1900 as targets...

In the commodity market, oil prices have declined as investors are worried about oversupply after an unexpected increase in US crude inventories...

Wall Street edged up on Tuesday, recovering part of previous losses. However, the three indexes departed from session highs. Investors priced in the cautious optimism surrounding the stimulus negotiations between Republican and Democrat lawmakers...

Pivot (invalidation): 41.10 Our preference Long positions above 41.10 with targets at 41.90 & 42.20 in extension. Alternative scenario Below 41.10 look for further downside with 40.90 & 40.55 as targets...

Pivot (invalidation): 24.7000 Our preference Long positions above 24.7000 with targets at 25.3700 & 25.5700 in extension. Alternative scenario Below 24.7000 look for further downside with 24.5600 & 24.3300 as targets...

Pivot (invalidation): 1908.00 Our preference Long positions above 1908.00 with targets at 1925.00 & 1932.00 in extension. Alternative scenario Below 1908.00 look for further downside with 1904.00 & 1899.00 as targets...

Pivot (invalidation): 3480.00 Our preference Short positions below 3480.00 with targets at 3420.00 & 3370.00 in extension. Alternative scenario Above 3480.00 look for further upside with 3515.00 & 3550.00 as targets...