Jiming Huang / Blog
Pivot (invalidation): 7.3900 Our preference Long positions above 7.3900 with targets at 7.4760 & 7.5000 in extension. Alternative scenario Below 7.3900 look for further downside with 7.3550 & 7.3160 as targets...
Pivot (invalidation): 0.7300 Our preference Short positions below 0.7300 with targets at 0.7250 & 0.7230 in extension. Alternative scenario Above 0.7300 look for further upside with 0.7320 & 0.7340 as targets...
Pivot (invalidation): 1.3090 Our preference Long positions above 1.3090 with targets at 1.3165 & 1.3200 in extension. Alternative scenario Below 1.3090 look for further downside with 1.3065 & 1.3035 as targets...
Pivot (invalidation): 0.9115 Our preference Short positions below 0.9115 with targets at 0.9080 & 0.9060 in extension. Alternative scenario Above 0.9115 look for further upside with 0.9140 & 0.9160 as targets...
Pivot (invalidation): 106.30 Our preference Short positions below 106.30 with targets at 105.95 & 105.80 in extension. Alternative scenario Above 106.30 look for further upside with 106.40 & 106.55 as targets...
Pivot (invalidation): 1.3240 Our preference Long positions above 1.3240 with targets at 1.3320 & 1.3355 in extension. Alternative scenario Below 1.3240 look for further downside with 1.3210 & 1.3190 as targets...
Pivot (invalidation): 1.1820 Our preference Long positions above 1.1820 with targets at 1.1865 & 1.1895 in extension. Alternative scenario Below 1.1820 look for further downside with 1.1790 & 1.1760 as targets...
In the commodity market, oil prices hover over multi-week lows as investors are worried about decreasing demand as the recovery from the pandemic is not convincing. At the time of writing, WTI is down 0.17% while Brent has lost 0.29...
Another day, another new record for the S&P 500 and Nasdaq indices, but the main winner of Wednesday’s trading session was Dow Jones, which is traditionally more sluggish...