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The boost in oil prices following the Beirut blast pushed WTI crude above its 200-day moving average of $43 pb on Wednesday, but decent offers blocked the way higher above this level...
Market News
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Jiming Huang, 6 August 2020, 09:34
US stocks extended gains as investors saw progress on negotiations for the US’ next fiscal stimulus package as White House made some concessions to end the deadlock, although Democrats ask for more...
Market News
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Jiming Huang, 6 August 2020, 09:34
Pivot (invalidation): 42.70 Our preference Short positions below 42.70 with targets at 41.35 & 41.00 in extension. Alternative scenario Above 42.70 look for further upside with 43.50 & 44.35 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:32
Pivot (invalidation): 26.4000 Our preference Long positions above 26.4000 with targets at 27.2000 & 27.6000 in extension. Alternative scenario Below 26.4000 look for further downside with 25.7700 & 25.3400 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:31
Pivot (invalidation): 2028.00 Our preference Long positions above 2028.00 with targets at 2056.00 & 2070.00 in extension. Alternative scenario Below 2028.00 look for further downside with 2012.00 & 2000.00 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:30
Pivot (invalidation): 3300.00 Our preference Long positions above 3300.00 with targets at 3331.00 & 3360.00 in extension. Alternative scenario Below 3300.00 look for further downside with 3272.00 & 3223.00 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:29 #S&P 500
Pivot (invalidation): 12520.00 Our preference Long positions above 12520.00 with targets at 12770.00 & 12825.00 in extension. Alternative scenario Below 12520.00 look for further downside with 12370.00 & 12260.00 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:28 #dax
Pivot (invalidation): 7.0100 Our preference Long positions above 7.0100 with targets at 7.0760 & 7.0990 in extension. Alternative scenario Below 7.0100 look for further downside with 6.9860 & 6.9550 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:27
Pivot (invalidation): 0.7215 Our preference Short positions below 0.7215 with targets at 0.7180 & 0.7165 in extension. Alternative scenario Above 0.7215 look for further upside with 0.7240 & 0.7260 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:26
Pivot (invalidation): 1.3250 Our preference Long positions above 1.3250 with targets at 1.3290 & 1.3315 in extension. Alternative scenario Below 1.3250 look for further downside with 1.3230 & 1.3200 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:23 #usd/cad
Pivot (invalidation): 0.9065 Our preference Long positions above 0.9065 with targets at 0.9100 & 0.9130 in extension. Alternative scenario Below 0.9065 look for further downside with 0.9045 & 0.9025 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:22
Pivot (invalidation): 105.85 Our preference Short positions below 105.85 with targets at 105.25 & 105.00 in extension. Alternative scenario Above 105.85 look for further upside with 106.20 & 106.45 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:21 #usd/jpy
Pivot (invalidation): 1.3160 Our preference Short positions below 1.3160 with targets at 1.3105 & 1.3075 in extension. Alternative scenario Above 1.3160 look for further upside with 1.3180 & 1.3200 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:20 #GBP/USD
Pivot (invalidation): 1.1900 Our preference Short positions below 1.1900 with targets at 1.1855 & 1.1830 in extension. Alternative scenario Above 1.1900 look for further upside with 1.1920 & 1.1940 as targets...
Analytics & Forecasts
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Jiming Huang, 6 August 2020, 09:19 #EUR/USD
My broker: Roboforex The Optimizer automatically searches for optimal parameters for the Trend Line PRO indicator IMPORTANT!!! Before optimizing, make sure download history data in the MT4 (F2) or MT5 (Ctrl+U) 1) Set the range of Calculation Range (Days) for optimization...
Analytics & Forecasts
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Evgenii Aksenov, 5 August 2020, 09:56
Capital poured into treasuries and gold. Gold extended its record-breaking rally and surged to the $2022 per oz on prolonged US fiscal stimulus talks, rising threats to the US-China trade deal and Beirut explosion...
Market News
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Jiming Huang, 5 August 2020, 09:39 #gold
US stocks posted modest gains and equities in Asia lacked direction, as better-than-expected US factory orders didn’t better the mood in the absence of an agreement for more US fiscal stimulus and rumors that the US and China will review their phase-one trade deal spurred worries that the deal co...
Market News
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Jiming Huang, 5 August 2020, 09:39
Pivot (invalidation): 41.20 Our preference Long positions above 41.20 with targets at 42.05 & 42.55 in extension. Alternative scenario Below 41.20 look for further downside with 40.95 & 40.50 as targets...
Analytics & Forecasts
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Jiming Huang, 5 August 2020, 09:23
Pivot (invalidation): 25.3400 Our preference Long positions above 25.3400 with targets at 26.3000 & 26.8500 in extension. Alternative scenario Below 25.3400 look for further downside with 24.9500 & 24.7000 as targets...
Analytics & Forecasts
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Jiming Huang, 5 August 2020, 09:23
Pivot (invalidation): 2007.00 Our preference Long positions above 2007.00 with targets at 2031.00 & 2042.00 in extension. Alternative scenario Below 2007.00 look for further downside with 2000.00 & 1993.00 as targets...
Analytics & Forecasts
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Jiming Huang, 5 August 2020, 09:22