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In the commodity market, oil prices continue to increase on the back of vaccine news and the presidential transition in the US. WTI is up 0.70%, and Brent has added 0.85% to trade above $45 and $48, respectively. Both brands are trading at their highest levels since March...
US equities continued the bullish stance on Tuesday, with the three indexes updating their record highs. Investors expect a rapid recovery next year after the rolling out of the COVID vaccines. Also, the transition of President-elect Joe Biden to the White House is boosting sentiment...
Pivot (invalidation): 44.70 Our preference Long positions above 44.70 with targets at 46.00 & 46.60 in extension. Alternative scenario Below 44.70 look for further downside with 44.20 & 43.60 as targets...
Pivot (invalidation): 23.5200 Our preference Short positions below 23.5200 with targets at 22.9100 & 22.7800 in extension. Alternative scenario Above 23.5200 look for further upside with 23.7200 & 23.9000 as targets...
Pivot (invalidation): 1820.00 Our preference Short positions below 1820.00 with targets at 1791.00 & 1780.00 in extension. Alternative scenario Above 1820.00 look for further upside with 1831.00 & 1841.00 as targets...
Pivot (invalidation): 3592.00 Our preference Long positions above 3592.00 with targets at 3660.00 & 3690.00 in extension. Alternative scenario Below 3592.00 look for further downside with 3543.00 & 3518.00 as targets...
Pivot (invalidation): 13220.00 Our preference Long positions above 13220.00 with targets at 13380.00 & 13460.00 in extension. Alternative scenario Below 13220.00 look for further downside with 13160.00 & 13100.00 as targets...
Pivot (invalidation): 7.9390 Our preference Long positions above 7.9390 with targets at 8.0310 & 8.0840 in extension. Alternative scenario Below 7.9390 look for further downside with 7.8600 & 7.8000 as targets...
Pivot (invalidation): 0.7340 Our preference Long positions above 0.7340 with targets at 0.7370 & 0.7385 in extension. Alternative scenario Below 0.7340 look for further downside with 0.7325 & 0.7310 as targets...
Pivot (invalidation): 1.3030 Our preference Short positions below 1.3030 with targets at 1.2985 & 1.2960 in extension. Alternative scenario Above 1.3030 look for further upside with 1.3055 & 1.3080 as targets...
Pivot (invalidation): 0.9120 Our preference Short positions below 0.9120 with targets at 0.9095 & 0.9080 in extension. Alternative scenario Above 0.9120 look for further upside with 0.9135 & 0.9150 as targets...
Pivot (invalidation): 104.35 Our preference Long positions above 104.35 with targets at 104.60 & 104.75 in extension. Alternative scenario Below 104.35 look for further downside with 104.25 & 104.10 as targets...
Pivot (invalidation): 1.3335 Our preference Long positions above 1.3335 with targets at 1.3380 & 1.3400 in extension. Alternative scenario Below 1.3335 look for further downside with 1.3310 & 1.3290 as targets...
Pivot (invalidation): 1.1870 Our preference Long positions above 1.1870 with targets at 1.1920 & 1.1935 in extension. Alternative scenario Below 1.1870 look for further downside with 1.1840 & 1.1815 as targets...
In the commodity market, oil prices have surged to the highest level since March, following the vaccines news and the US presidential transition. Both Brent and WTI have gained over 1.1%. Brent is now trading above $46.5...
Pivot (invalidation): 42.80 Our preference Long positions above 42.80 with targets at 43.90 & 44.20 in extension. Alternative scenario Below 42.80 look for further downside with 42.55 & 42.30 as targets...
Pivot (invalidation): 23.7200 Our preference Short positions below 23.7200 with targets at 22.9700 & 22.6500 in extension. Alternative scenario Above 23.7200 look for further upside with 23.8700 & 24.0200 as targets...
Pivot (invalidation): 1843.00 Our preference Short positions below 1843.00 with targets at 1807.00 & 1800.00 in extension. Alternative scenario Above 1843.00 look for further upside with 1849.00 & 1857.00 as targets...
