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Oil prices are retreating on Wednesday on the back of the weekly report from the American Petroleum Institute, which showed an unexpected build of 1.973 million barrels last week, while analysts expected a 3.5-million-barrel draw...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 12:26
Wall Street surged on Tuesday as investor sentiment was buoyed by the optimism surrounding a massive stimulus bill that is more likely to be approved by the Congress. Meanwhile, investors are waiting for clues from the Fed, which is about to hold its last meeting of the year later on Wednesday...
Market News
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Jiming Huang, 16 December 2020, 12:01
Pivot (invalidation): 47.05 Our preference Long positions above 47.05 with targets at 47.75 & 48.30 in extension. Alternative scenario Below 47.05 look for further downside with 46.55 & 46.10 as targets...
Analytics & Forecasts
  • 85
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Jiming Huang, 16 December 2020, 11:55
Pivot (invalidation): 24.4200 Our preference Long positions above 24.4200 with targets at 24.8600 & 25.0200 in extension. Alternative scenario Below 24.4200 look for further downside with 24.2800 & 24.1500 as targets...
Analytics & Forecasts
  • 85
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Jiming Huang, 16 December 2020, 11:54
Pivot (invalidation): 1843.00 Our preference Long positions above 1843.00 with targets at 1866.00 & 1875.00 in extension. Alternative scenario Below 1843.00 look for further downside with 1834.00 & 1825.00 as targets...
Analytics & Forecasts
  • 90
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Jiming Huang, 16 December 2020, 11:53
Pivot (invalidation): 3660.00 Our preference Long positions above 3660.00 with targets at 3710.00 & 3740.00 in extension. Alternative scenario Below 3660.00 look for further downside with 3633.00 & 3595.00 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 11:52 #S&P 500
Pivot (invalidation): 13280.00 Our preference Long positions above 13280.00 with targets at 13420.00 & 13460.00 in extension. Alternative scenario Below 13280.00 look for further downside with 13210.00 & 13120.00 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 09:39 #dax
Pivot (invalidation): 7.8640 Our preference Short positions below 7.8640 with targets at 7.8100 & 7.7830 in extension. Alternative scenario Above 7.8640 look for further upside with 7.9000 & 7.9330 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 09:39
Pivot (invalidation): 0.7530 Our preference Long positions above 0.7530 with targets at 0.7580 & 0.7600 in extension. Alternative scenario Below 0.7530 look for further downside with 0.7505 & 0.7480 as targets...
Analytics & Forecasts
  • 89
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Jiming Huang, 16 December 2020, 09:39
Pivot (invalidation): 1.2730 Our preference Short positions below 1.2730 with targets at 1.2675 & 1.2650 in extension. Alternative scenario Above 1.2730 look for further upside with 1.2750 & 1.2770 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 09:34 #usd/cad
Pivot (invalidation): 0.8870 Our preference Short positions below 0.8870 with targets at 0.8845 & 0.8830 in extension. Alternative scenario Above 0.8870 look for further upside with 0.8880 & 0.8895 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 09:33
Pivot (invalidation): 103.80 Our preference Short positions below 103.80 with targets at 103.45 & 103.20 in extension. Alternative scenario Above 103.80 look for further upside with 103.95 & 104.15 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 09:32 #usd/jpy
Pivot (invalidation): 1.3395 Our preference Long positions above 1.3395 with targets at 1.3480 & 1.3510 in extension. Alternative scenario Below 1.3395 look for further downside with 1.3345 & 1.3290 as targets...
Analytics & Forecasts
  • 142
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Jiming Huang, 16 December 2020, 09:31 #GBP/USD
Pivot (invalidation): 1.2145 Our preference Long positions above 1.2145 with targets at 1.2180 & 1.2200 in extension. Alternative scenario Below 1.2145 look for further downside with 1.2135 & 1.2120 as targets...
Analytics & Forecasts
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Jiming Huang, 16 December 2020, 09:31 #EUR/USD
Immediately following the publication of the minutes from the December RBA meeting, the Australian dollar weakened, while the AUD / USD fell 0.33% (or 25 points), to an intraday low near the 0.7508 mark (see "Technical Analysis and Trading Recommendations...
Analytics & Forecasts
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Yuri Papshev, 15 December 2020, 12:57
In the commodity market, oil prices are declining on fears of tighter coronavirus restrictions in the US and Europe. Also, OPEC expects a slower recovery in demand in 2021. WTI and Brent are both down 0.74%. London required bars and restaurants to close, as the rate of infections is accelerating...
Market News
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Jiming Huang, 15 December 2020, 11:55 #gold
US stock indexes took different routes on Monday, with the Nasdaq managing to secure a gain. The S&P 500 and the Dow closed in the red, dragged down by Walt Disney. Dow Jones managed to update the record high before closing lower...
Market News
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Jiming Huang, 15 December 2020, 11:55
Pivot (invalidation): 46.50 Our preference Long positions above 46.50 with targets at 47.05 & 47.40 in extension. Alternative scenario Below 46.50 look for further downside with 46.10 & 45.70 as targets...
Analytics & Forecasts
  • 93
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Jiming Huang, 15 December 2020, 11:47
Pivot (invalidation): 23.8000 Our preference Long positions above 23.8000 with targets at 24.1300 & 24.2800 in extension. Alternative scenario Below 23.8000 look for further downside with 23.6700 & 23.5800 as targets...
Analytics & Forecasts
  • 92
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Jiming Huang, 15 December 2020, 11:46
Pivot (invalidation): 1825.00 Our preference Long positions above 1825.00 with targets at 1839.00 & 1848.00 in extension. Alternative scenario Below 1825.00 look for further downside with 1818.00 & 1812.00 as targets...
Analytics & Forecasts
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Jiming Huang, 15 December 2020, 11:46