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In the commodity market, oil prices are declining for a third consecutive session, as investors react to concerns over the new COVID strain that may trigger more lockdowns and thus affect demand for crude...
US stocks were mixed on Tuesday, but bears dominated as concerns over the new COVID strain and downbeat economic data offset the optimism surrounding the second stimulus package. The S&P 500 fell 0.21%, the Dow lost 0.67%, while the tech-oriented Nasdaq rose 0...
Pivot (invalidation): 47.25 Our preference Short positions below 47.25 with targets at 45.70 & 45.20 in extension. Alternative scenario Above 47.25 look for further upside with 47.65 & 48.15 as targets...
Pivot (invalidation): 25.7500 Our preference Short positions below 25.7500 with targets at 24.9200 & 24.6700 in extension. Alternative scenario Above 25.7500 look for further upside with 26.0800 & 26.5000 as targets...
Pivot (invalidation): 1879.00 Our preference Short positions below 1879.00 with targets at 1855.00 & 1844.00 in extension. Alternative scenario Above 1879.00 look for further upside with 1886.00 & 1892.00 as targets...
Pivot (invalidation): 3707.00 Our preference Short positions below 3707.00 with targets at 3676.00 & 3665.00 in extension. Alternative scenario Above 3707.00 look for further upside with 3726.00 & 3745.00 as targets...
DAX Range. Pivot (invalidation): 13450.00 Our preference Short positions below 13450.00 with targets at 13310.00 & 13230.00 in extension...
Pivot (invalidation): 7.6300 Our preference Long positions above 7.6300 with targets at 7.6670 & 7.6880 in extension. Alternative scenario...
Pivot (invalidation): 0.7515 Our preference Long positions above 0.7515 with targets at 0.7570 & 0.7600 in extension. Alternative scenario Below 0.7515 look for further downside with 0.7490 & 0.7460 as targets. Comment A support base at 0...
Pivot (invalidation): 1.2930 Our preference Short positions below 1.2930 with targets at 1.2865 & 1.2835 in extension. Alternative scenario...
Pivot (invalidation): 0.8905 Our preference Short positions below 0.8905 with targets at 0.8860 & 0.8840 in extension. Alternative scenario...
Pivot (invalidation): 103.70 Our preference Short positions below 103.70 with targets at 103.35 & 103.20 in extension. Alternative scenario...
Our preference Long positions above 1.3350 with targets at 1.3435 & 1.3470 in extension. Alternative scenario Below 1.3350 look for further downside with 1.3300 & 1.3270 as targets...
(invalidation): 1.2150 Our preference Long positions above 1.2150 with targets at 1.2205 & 1.2230 in extension. Alternative scenario Below 1.2150 look for further downside with 1.2130 & 1.2110 as targets...
The pound gained support after the publication on Tuesday morning of the final estimate of the UK GDP for the 3rd quarter. GDP growth in the third quarter of 2020 amounted to 16.0% against the forecast of +15.5% and a fall of -19.8% in the previous quarter...
The US stock market was mostly bearish on Monday, but it maintained to bounce back from session lows. Bears were concerned about the new strain of the coronavirus detected in the UK, while bulls were pointing to the stimulus package finally approved by Congress. Nasdaq (-0...
In the commodity market, oil prices continue to tumble on worries that the new COVID strain would trigger new lockdowns and thus hit demand for crude even harder. Both WTI and Brent brands are down over 2.10%, after gaining about 40% in the last two months to hit the highest in nine months...
Pivot (invalidation): 47.40 Our preference Long positions above 47.40 with targets at 48.15 & 48.75 in extension. Alternative scenario...
Pivot (invalidation): 1868.00 Our preference Long positions above 1868.00 with targets at 1899.00 & 1906.00 in extension. Alternative scenario...
