Jiming Huang / Blog
Pivot (invalidation): 0.7530 Our preference Long positions above 0.7530 with targets at 0.7580 & 0.7600 in extension. Alternative scenario Below 0.7530 look for further downside with 0.7505 & 0.7480 as targets...
Pivot (invalidation): 1.2730 Our preference Short positions below 1.2730 with targets at 1.2675 & 1.2650 in extension. Alternative scenario Above 1.2730 look for further upside with 1.2750 & 1.2770 as targets...
Pivot (invalidation): 0.8870 Our preference Short positions below 0.8870 with targets at 0.8845 & 0.8830 in extension. Alternative scenario Above 0.8870 look for further upside with 0.8880 & 0.8895 as targets...
Pivot (invalidation): 103.80 Our preference Short positions below 103.80 with targets at 103.45 & 103.20 in extension. Alternative scenario Above 103.80 look for further upside with 103.95 & 104.15 as targets...
Pivot (invalidation): 1.3395 Our preference Long positions above 1.3395 with targets at 1.3480 & 1.3510 in extension. Alternative scenario Below 1.3395 look for further downside with 1.3345 & 1.3290 as targets...
Pivot (invalidation): 1.2145 Our preference Long positions above 1.2145 with targets at 1.2180 & 1.2200 in extension. Alternative scenario Below 1.2145 look for further downside with 1.2135 & 1.2120 as targets...
In the commodity market, oil prices are declining on fears of tighter coronavirus restrictions in the US and Europe. Also, OPEC expects a slower recovery in demand in 2021. WTI and Brent are both down 0.74%. London required bars and restaurants to close, as the rate of infections is accelerating...
US stock indexes took different routes on Monday, with the Nasdaq managing to secure a gain. The S&P 500 and the Dow closed in the red, dragged down by Walt Disney. Dow Jones managed to update the record high before closing lower...
Pivot (invalidation): 46.50 Our preference Long positions above 46.50 with targets at 47.05 & 47.40 in extension. Alternative scenario Below 46.50 look for further downside with 46.10 & 45.70 as targets...