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Pivot (invalidation): 1.1400 Our preference Short positions below 1.1400 with targets at 1.1370 & 1.1355 in extension. Alternative scenario Above 1.1400 look for further upside with 1.1420 & 1.1440 as targets...
In the commodity market, oil prices slightly fell after OPEC and allies led by Russia agreed to ease the record production cut from August. However, the drop is moderate as investors hope the US demand for fuel would increase on the back of a decline in the country’s crude inventories...
US equities continued to rally on Wednesday, regurgitating the news about Moderna’s COVID-19 vaccine. Goldman Sachs’ upbeat reporting also gave the stock markets a boost. The S&P 500 (+0.91%) has performed better than tech-oriented Nasdaq (+0...
Pivot (invalidation): 40.40 Our preference Long positions above 40.40 with targets at 41.25 & 41.60 in extension. Alternative scenario Below 40.40 look for further downside with 40.10 & 39.80 as targets...
Pivot (invalidation): 19.4700 Our preference Short positions below 19.4700 with targets at 19.1100 & 18.9800 in extension. Alternative scenario Above 19.4700 look for further upside with 19.5700 & 19.6700 as targets...
Pivot (invalidation): 1803.00 Our preference Long positions above 1803.00 with targets at 1818.00 & 1824.00 in extension. Alternative scenario Below 1803.00 look for further downside with 1798.00 & 1794.00 as targets...
Pivot (invalidation): 3200.00 Our preference Long positions above 3200.00 with targets at 3237.00 & 3270.00 in extension. Alternative scenario Below 3200.00 look for further downside with 3175.00 & 3127.00 as targets...
Pivot (invalidation): 12773.00 Our preference Long positions above 12773.00 with targets at 13090.00 & 13230.00 in extension. Alternative scenario Below 12773.00 look for further downside with 12690.00 & 12530.00 as targets...
Pivot (invalidation): 6.8610 Our preference Short positions below 6.8610 with targets at 6.8500 & 6.8440 in extension. Alternative scenario Above 6.8610 look for further upside with 6.8660 & 6.8700 as targets...
Pivot (invalidation): 0.7010 Our preference Short positions below 0.7010 with targets at 0.6980 & 0.6960 in extension. Alternative scenario Above 0.7010 look for further upside with 0.7035 & 0.7055 as targets...
Pivot (invalidation): 1.3535 Our preference Short positions below 1.3535 with targets at 1.3490 & 1.3470 in extension. Alternative scenario Above 1.3535 look for further upside with 1.3555 & 1.3575 as targets...
Pivot (invalidation): 0.9440 Our preference Long positions above 0.9440 with targets at 0.9460 & 0.9475 in extension. Alternative scenario Below 0.9440 look for further downside with 0.9425 & 0.9405 as targets...
Pivot (invalidation): 106.80 Our preference Long positions above 106.80 with targets at 107.10 & 107.20 in extension. Alternative scenario Below 106.80 look for further downside with 106.65 & 106.50 as targets...
Pivot (invalidation): 1.2580 Our preference Short positions below 1.2580 with targets at 1.2545 & 1.2525 in extension. Alternative scenario Above 1.2580 look for further upside with 1.2600 & 1.2625 as targets...
Pivot (invalidation): 1.1425 Our preference Short positions below 1.1425 with targets at 1.1390 & 1.1360 in extension. Alternative scenario Above 1.1425 look for further upside with 1.1450 & 1.1470 as targets...
In the commodity market, gold has retreated in early trading on Wednesday but has consolidated well above $1,800 after temporarily breaking below that level on Tuesday. The metal is currently down 0.20% to $1,810...
Wall Street reversed higher after a depressive start of the week. On Tuesday, all three indices secured gains after a volatile session. Investors’ risk appetite increased after Moderna published encouraging data on the most probable candidate for a COVID-19 vaccine...
