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Pivot (invalidation): 1.2770 Our preference Short positions below 1.2770 with targets at 1.2700 & 1.2670 in extension. Alternative scenario Above 1.2770 look for further upside with 1.2790 & 1.2810 as targets...
Pivot (invalidation): 0.8875 Our preference Short positions below 0.8875 with targets at 0.8835 & 0.8820 in extension. Alternative scenario Above 0.8875 look for further upside with 0.8900 & 0.8915 as targets...
Pivot (invalidation): 104.25 Our preference Short positions below 104.25 with targets at 103.70 & 103.50 in extension. Alternative scenario Above 104.25 look for further upside with 104.40 & 104.55 as targets...
Pivot (invalidation): 1.3270 Our preference Long positions above 1.3270 with targets at 1.3360 & 1.3390 in extension. Alternative scenario Below 1.3270 look for further downside with 1.3245 & 1.3225 as targets...
Pivot (invalidation): 1.2120 Our preference Long positions above 1.2120 with targets at 1.2175 & 1.2210 in extension. Alternative scenario Below 1.2120 look for further downside with 1.2100 & 1.2080 as targets...
The pound reacted with a decline to the publication of UK GDP data, ignoring the positive data on industrial production, which grew by 1.3% in October (against the forecast of +0.3% and growth by +0.5% in September...
In the commodity market, oil prices are bullish on Thursday but moving sideways on larger timeframes. The crude is leveraging investor hopes that the rollout of COVID vaccines would push economic recovery. The US is expected to approve the first vaccine candidate later this week. WTI is up 0...
US equities retreated from record highs amid no progress in stimulus talks. The general bearishness was also fueled by the antitrust lawsuit filed against Facebook. Nasdaq was the worst performer of the three benchmark indexes, losing 1.94%. The S&P 500 fell 0.79%, and the Dow dropped by 0...
Pivot (invalidation): 45.30 Our preference Long positions above 45.30 with targets at 46.25 & 46.55 in extension. Alternative scenario Below 45.30 look for further downside with 44.95 & 44.65 as targets...
Pivot (invalidation): 24.1800 Our preference Short positions below 24.1800 with targets at 23.5600 & 23.3000 in extension. Alternative scenario Above 24.1800 look for further upside with 24.4300 & 24.6700 as targets...
Pivot (invalidation): 1850.00 Our preference Short positions below 1850.00 with targets at 1825.00 & 1815.00 in extension. Alternative scenario Above 1850.00 look for further upside with 1865.00 & 1875.00 as targets...
S&P 500 Under pressure. Pivot (invalidation): 3695.00 Our preference Short positions below 3695.00 with targets at 3645.00 & 3625.00 in extension. Alternative scenario Above 3695.00 look for further upside with 3710.00 & 3740.00 as targets...
Pivot (invalidation): 13328.00 Our preference Long positions above 13328.00 with targets at 13460.00 & 13490.00 in extension. Alternative scenario Below 13328.00 look for further downside with 13280.00 & 13230.00 as targets...
Pivot (invalidation): 7.8470 Our preference Short positions below 7.8470 with targets at 7.7810 & 7.7530 in extension. Alternative scenario Above 7.8470 look for further upside with 7.8720 & 7.9100 as targets...
Pivot (invalidation): 0.7430 Our preference Long positions above 0.7430 with targets at 0.7500 & 0.7525 in extension. Alternative scenario Below 0.7430 look for further downside with 0.7415 & 0.7400 as targets...
Pivot (invalidation): 1.2820 Our preference Short positions below 1.2820 with targets at 1.2780 & 1.2765 in extension. Alternative scenario Above 1.2820 look for further upside with 1.2835 & 1.2850 as targets...
Pivot (invalidation): 0.8865 Our preference Long positions above 0.8865 with targets at 0.8915 & 0.8930 in extension. Alternative scenario Below 0.8865 look for further downside with 0.8850 & 0.8835 as targets...
Pivot (invalidation): 104.25 Our preference Long positions above 104.25 with targets at 104.60 & 104.75 in extension. Alternative scenario Below 104.25 look for further downside with 104.10 & 103.95 as targets...
Pivot (invalidation): 1.3415 Our preference Short positions below 1.3415 with targets at 1.3315 & 1.3290 in extension. Alternative scenario Above 1.3415 look for further upside with 1.3440 & 1.3475 as targets...
