Jiming Huang / Blog
Pivot (invalidation): 1.3200 Our preference Long positions above 1.3200 with targets at 1.3270 & 1.3300 in extension. Alternative scenario Below 1.3200 look for further downside with 1.3175 & 1.3145 as targets...
Pivot (invalidation): 0.9150 Our preference Long positions above 0.9150 with targets at 0.9200 & 0.9220 in extension. Alternative scenario Below 0.9150 look for further downside with 0.9135 & 0.9120 as targets...
Pivot (invalidation): 106.15 Our preference Short positions below 106.15 with targets at 105.80 & 105.55 in extension. Alternative scenario Above 106.15 look for further upside with 106.35 & 106.50 as targets...
Pivot (invalidation): 1.3055 Our preference Short positions below 1.3055 with targets at 1.2895 & 1.2845 in extension. Alternative scenario Above 1.3055 look for further upside with 1.3125 & 1.3185 as targets...
Pivot (invalidation): 1.1800 Our preference Short positions below 1.1800 with targets at 1.1755 & 1.1730 in extension. Alternative scenario Above 1.1800 look for further upside with 1.1820 & 1.1850 as targets...
In the commodity market, oil prices continue to decline to update their lowest levels since the beginning of July. Prices are responding to increased worries that the potential increase in coronavirus cases could further damage demand for crude...
The US stock market was closed on Monday, but the futures on the benchmark indexes are pointing to recovery attempts, except for Nasdaq. Last week, US equities saw their worst decline in over five months, slashing gains accumulated over the previous five weeks...
Pivot (invalidation): 39.60 Our preference Short positions below 39.60 with targets at 38.50 & 38.00 in extension. Alternative scenario Above 39.60 look for further upside with 40.10 & 40.65 as targets...
Pivot (invalidation): 27.0000 Our preference Short positions below 27.0000 with targets at 26.6000 & 26.3000 in extension. Alternative scenario Above 27.0000 look for further upside with 27.4000 & 27.7000 as targets...