Jiming Huang / Profil

GBP/USD Target 1.3440. Pivot (invalidation): 1.3340 Our preference Long positions above 1.3340 with targets at 1.3410 & 1.3440 in extension. Alternative scenario...

Pivot (invalidation): 1.2080 Our preference Long positions above 1.2080 with targets at 1.2150 & 1.2175 in extension. Alternative scenario Below 1.2080 look for further downside with 1.2060 & 1.2040 as targets...

In the commodity market, oil prices maintained the bearish stance as OPEC+ delayed a meeting to decide the continuation of production cuts beyond January. The meeting was delayed from Tuesday to Thursday...

Wall Street built on the November rally on Tuesday, with Nasdaq and the S&P 500 updating their record highs. Investor sentiment was lifted by the vaccine optimism and more confidence that a rapid economic recovery is possible...

Pivot (invalidation): 44.70 Our preference Short positions below 44.70 with targets at 43.70 & 43.30 in extension. Alternative scenario Above 44.70 look for further upside with 45.15 & 45.70 as targets...

Pivot (invalidation): 23.4900 Our preference Long positions above 23.4900 with targets at 24.0500 & 24.3200 in extension. Alternative scenario Below 23.4900 look for further downside with 23.1600 & 22.9000 as targets...

Pivot (invalidation): 1793.00 Our preference Long positions above 1793.00 with targets at 1818.00 & 1832.00 in extension. Alternative scenario Below 1793.00 look for further downside with 1782.00 & 1770.00 as targets...

Pivot (invalidation): 3645.00 Our preference Long positions above 3645.00 with targets at 3678.00 & 3700.00 in extension. Alternative scenario Below 3645.00 look for further downside with 3625.00 & 3595.00 as targets...

Pivot (invalidation): 13360.00 Our preference Long positions above 13360.00 with targets at 13440.00 & 13460.00 in extension. Alternative scenario Below 13360.00 look for further downside with 13335.00 & 13300.00 as targets...

Pivot (invalidation): 7.7750 Our preference Long positions above 7.7750 with targets at 7.8730 & 7.9150 in extension. Alternative scenario Below 7.7750 look for further downside with 7.7390 & 7.7130 as targets...

Pivot (invalidation): 0.7355 Our preference Long positions above 0.7355 with targets at 0.7405 & 0.7420 in extension. Alternative scenario Below 0.7355 look for further downside with 0.7335 & 0.7320 as targets...

Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2920 & 1.2900 in extension. Alternative scenario Above 1.2965 look for further upside with 1.2985 & 1.3010 as targets...

Pivot (invalidation): 0.9030 Our preference Short positions below 0.9030 with targets at 0.8965 & 0.8935 in extension. Alternative scenario Above 0.9030 look for further upside with 0.9050 & 0.9070 as targets...

Pivot (invalidation): 104.60 Our preference Short positions below 104.60 with targets at 104.15 & 103.95 in extension. Alternative scenario Above 104.60 look for further upside with 104.75 & 104.90 as targets...

Pivot (invalidation): 1.3385 Our preference Long positions above 1.3385 with targets at 1.3440 & 1.3480 in extension. Alternative scenario Below 1.3385 look for further downside with 1.3360 & 1.3330 as targets...

Pivot (invalidation): 1.2035 Our preference Long positions above 1.2035 with targets at 1.2110 & 1.2150 in extension. Alternative scenario Below 1.2035 look for further downside with 1.2000 & 1.1970 as targets...

In the commodity market, oil prices are declining amid a general uncertainty about the OPEC+ plans regarding the crude production cuts. The OPEC+ delayed talks about production cuts to Thursday, adding to concerns that some members are opposing the continuation of supply cuts beyond January 2021...

US equities declined on Monday, but that didn’t prevent the benchmark S&P 500 index from securing the best November ever. Traders were taking profits after a robust rally fuelled by vaccine optimism. Besides this, stocks took a pause amid deteriorating tensions between the US and China...

Pivot (invalidation): 45.55 Our preference Short positions below 45.55 with targets at 44.40 & 44.00 in extension. Alternative scenario Above 45.55 look for further upside with 46.25 & 46.55 as targets...

Pivot (invalidation): 22.3400 Our preference Long positions above 22.3400 with targets at 23.3100 & 23.5200 in extension. Alternative scenario Below 22.3400 look for further downside with 22.1000 & 21.8700 as targets...