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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...
Pivot (invalidation): 3543.00 Our preference Long positions above 3543.00 with targets at 3606.00 & 3627.00 in extension. Alternative scenario Below 3543.00 look for further downside with 3518.00 & 3484.00 as targets...
Pivot (invalidation): 13090.00 Our preference Long positions above 13090.00 with targets at 13275.00 & 13312.00 in extension. Alternative scenario Below 13090.00 look for further downside with 13035.00 & 13000.00 as targets...
Pivot (invalidation): 7.8000 Our preference Long positions above 7.8000 with targets at 7.9500 & 8.0000 in extension. Alternative scenario Below 7.8000 look for further downside with 7.7360 & 7.6640 as targets...
Pivot (invalidation): 0.7290 Our preference Long positions above 0.7290 with targets at 0.7335 & 0.7350 in extension. Alternative scenario Below 0.7290 look for further downside with 0.7265 & 0.7250 as targets...
Pivot (invalidation): 1.3080 Our preference Short positions below 1.3080 with targets at 1.3035 & 1.3010 in extension. Alternative scenario Above 1.3080 look for further upside with 1.3100 & 1.3120 as targets...
Pivot (invalidation): 0.9110 Our preference Long positions above 0.9110 with targets at 0.9140 & 0.9155 in extension. Alternative scenario Below 0.9110 look for further downside with 0.9090 & 0.9070 as targets...
Pivot (invalidation): 104.25 Our preference Long positions above 104.25 with targets at 104.80 & 105.00 in extension. Alternative scenario Below 104.25 look for further downside with 104.00 & 103.80 as targets...
Pivot (invalidation): 1.3350 Our preference Short positions below 1.3350 with targets at 1.3310 & 1.3290 in extension. Alternative scenario Above 1.3350 look for further upside with 1.3370 & 1.3395 as targets...
Pivot (invalidation): 1.1865 Our preference Short positions below 1.1865 with targets at 1.1825 & 1.1810 in extension. Alternative scenario Above 1.1865 look for further upside with 1.1885 & 1.1905 as targets...
In the commodity market, oil prices are extending gains as investors anticipate a recovery in crude demand thanks to the implementation of the COVID vaccines in the near future. Still, the renewed restrictions in several countries are forcing stronger resistance levels on crude prices...
US equities will likely open higher on Monday after a bearish end of the week. Futures on Dow Jones and the S&P 500 are up 0.30% as of Monday morning European time, even though the number of COVID infections continues to increase in the US and Europe...
Pivot (invalidation): 42.00 Our preference Long positions above 42.00 with targets at 42.65 & 43.00 in extension. Alternative scenario Below 42.00 look for further downside with 41.60 & 41.25 as targets...
Pivot (invalidation): 24.0600 Our preference Long positions above 24.0600 with targets at 24.3900 & 24.5200 in extension. Alternative scenario Below 24.0600 look for further downside with 23.9300 & 23.8200 as targets...
Pivot (invalidation): 1866.00 Our preference Long positions above 1866.00 with targets at 1880.00 & 1885.00 in extension. Alternative scenario Below 1866.00 look for further downside with 1862.00 & 1858.00 as targets...
