Jiming Huang / Profil

Pivot (invalidation): 1.1700 Our preference Long positions above 1.1700 with targets at 1.1770 & 1.1795 in extension. Alternative scenario Below 1.1700 look for further downside with 1.1665 & 1.1630 as targets...

n the commodity market, oil prices continue to recover, surging over 2% in early trading on Wednesday, after adding about 5% in the previous two sessions. Prices maintain their bullish stance after the American Petroleum Institute said that US crude inventories dropped by 8...

Wall Street saw its biggest gains in about five months, as Americans voted between incumbent President Donald Trump and Democrat candidate Joe Biden, who has been leading in the polls...

Pivot (invalidation): 37.45 Our preference Long positions above 37.45 with targets at 39.80 & 40.30 in extension. Alternative scenario Below 37.45 look for further downside with 36.55 & 35.80 as targets...

Pivot (invalidation): 24.2000 Our preference Short positions below 24.2000 with targets at 23.3700 & 23.1600 in extension. Alternative scenario Above 24.2000 look for further upside with 24.4900 & 24.8500 as targets...

Pivot (invalidation): 1906.00 Our preference Short positions below 1906.00 with targets at 1881.00 & 1872.00 in extension. Alternative scenario Above 1906.00 look for further upside with 1916.00 & 1925.00 as targets...

Pivot (invalidation): 3335.00 Our preference Long positions above 3335.00 with targets at 3425.00 & 3472.00 in extension. Alternative scenario Below 3335.00 look for further downside with 3273.00 & 3234.00 as targets...

Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12140.00 & 12300.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11770.00 & 11660.00 as targets...

Pivot (invalidation): 8.4700 Our preference Short positions below 8.4700 with targets at 8.3780 & 8.3380 in extension. Alternative scenario Above 8.4700 look for further upside with 8.5000 & 8.5460 as targets...

Pivot (invalidation): 0.7145 Our preference Short positions below 0.7145 with targets at 0.7075 & 0.7045 in extension. Alternative scenario Above 0.7145 look for further upside with 0.7175 & 0.7220 as targets...

Pivot (invalidation): 1.3165 Our preference Long positions above 1.3165 with targets at 1.3280 & 1.3320 in extension. Alternative scenario Below 1.3165 look for further downside with 1.3130 & 1.3090 as targets...

Pivot (invalidation): 0.9135 Our preference Long positions above 0.9135 with targets at 0.9190 & 0.9210 in extension. Alternative scenario Below 0.9135 look for further downside with 0.9105 & 0.9085 as targets...

Pivot (invalidation): 104.65 Our preference Long positions above 104.65 with targets at 105.35 & 105.55 in extension. Alternative scenario Below 104.65 look for further downside with 104.40 & 104.20 as targets...

Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.2935 & 1.2890 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3100 & 1.3140 as targets...

Pivot (invalidation): 1.1700 Our preference Short positions below 1.1700 with targets at 1.1600 & 1.1580 in extension. Alternative scenario Above 1.1700 look for further upside with 1.1730 & 1.1770 as targets...

In the commodity market, oil prices are declining but generally moving sideways after a bullish Monday. At the time of writing, WTI and Brent futures are down about 0.30% to $36.66 and $38.76, respectively. Last week, oil prices tumbled to the lowest since the end of May...

Wall Street closed higher on Monday, with investors waiting for the US election scheduled for Tuesday. The election will definitely cause major swings until at least the end of this week...

Pivot (invalidation): 36.20 Our preference Long positions above 36.20 with targets at 37.35 & 37.70 in extension. Alternative scenario Below 36.20 look for further downside with 35.65 & 35.10 as targets...

Pivot (invalidation): 23.7000 Our preference Long positions above 23.7000 with targets at 24.2500 & 24.5600 in extension. Alternative scenario Below 23.7000 look for further downside with 23.3700 & 23.1500 as targets...

Pivot (invalidation): 1885.00 Our preference Long positions above 1885.00 with targets at 1899.00 & 1904.00 in extension. Alternative scenario Below 1885.00 look for further downside with 1878.00 & 1873.00 as targets...