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Pivot (invalidation): 1.1850 Our preference Long positions above 1.1850 with targets at 1.1890 & 1.1910 in extension. Alternative scenario Below 1.1850 look for further downside with 1.1830 & 1.1815 as targets...
In the commodity market, oil prices are retreating after hitting the highest level in two months. WTI has dropped 0.70%, and Brent has lost 0.38% on the back of demand worries amid new restrictions...
US equities tumbled on Wednesday, as investors focused on the surging number of COVID infections and the fresh lockdown measures reimposed in the US and Europe...
Pivot (invalidation): 42.20 Our preference Short positions below 42.20 with targets at 41.45 & 41.10 in extension. Alternative scenario Above 42.20 look for further upside with 42.65 & 43.00 as targets...
Pivot (invalidation): 24.4200 Our preference Short positions below 24.4200 with targets at 24.0200 & 23.7600 in extension. Alternative scenario Above 24.4200 look for further upside with 24.6200 & 24.8300 as targets...
Pivot (invalidation): 1877.00 Our preference Short positions below 1877.00 with targets at 1864.00 & 1855.00 in extension. Alternative scenario Above 1877.00 look for further upside with 1885.00 & 1892.00 as targets...
Pivot (invalidation): 3615.00 Our preference Short positions below 3615.00 with targets at 3552.00 & 3511.00 in extension. Alternative scenario Above 3615.00 look for further upside with 3645.00 & 3690.00 as targets...
Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13297.00 & 13460.00 in extension. Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets...
Pivot (invalidation): 7.6680 Our preference Long positions above 7.6680 with targets at 7.7600 & 7.7960 in extension. Alternative scenario Below 7.6680 look for further downside with 7.6200 & 7.5850 as targets...
Pivot (invalidation): 0.7310 Our preference Short positions below 0.7310 with targets at 0.7270 & 0.7250 in extension. Alternative scenario Above 0.7310 look for further upside with 0.7330 & 0.7350 as targets...
Pivot (invalidation): 1.3060 Our preference Long positions above 1.3060 with targets at 1.3120 & 1.3140 in extension. Alternative scenario Below 1.3060 look for further downside with 1.3030 & 1.3000 as targets...
Pivot (invalidation): 0.9090 Our preference Long positions above 0.9090 with targets at 0.9130 & 0.9150 in extension. Alternative scenario Below 0.9090 look for further downside with 0.9070 & 0.9055 as targets...
Pivot (invalidation): 104.00 Our preference Short positions below 104.00 with targets at 103.65 & 103.40 in extension. Alternative scenario Above 104.00 look for further upside with 104.20 & 104.40 as targets...
Pivot (invalidation): 1.3260 Our preference Short positions below 1.3260 with targets at 1.3210 & 1.3190 in extension. Alternative scenario Above 1.3260 look for further upside with 1.3290 & 1.3310 as targets...
Pivot (invalidation): 1.1860 Our preference Short positions below 1.1860 with targets at 1.1830 & 1.1820 in extension. Alternative scenario Above 1.1860 look for further upside with 1.1875 & 1.1890 as targets...
In the commodity market, oil prices are declining slightly after the American Petroleum Institute (API) reported a bigger-than-expected increase in US crude inventories, while disappointing retail sales data put additional pressure...
US equities took a pause on Tuesday and retreated from their record highs. While the optimism over COVID vaccines is still there, investors focused on the surging number of infections, which can lead to another series of lockdowns. Also, US retail sales data disappointed...
Pivot (invalidation): 40.85 Our preference Long positions above 40.85 with targets at 41.70 & 42.10 in extension. Alternative scenario Below 40.85 look for further downside with 40.55 & 40.05 as targets...
Pivot (invalidation): 24.6200 Our preference Short positions below 24.6200 with targets at 24.2000 & 24.0200 in extension. Alternative scenario Above 24.6200 look for further upside with 24.8300 & 24.9600 as targets...
