Jiming Huang / Blog
Pivot (invalidation): 1.3475 Our preference Short positions below 1.3475 with targets at 1.3420 & 1.3400 in extension. Alternative scenario Above 1.3475 look for further upside with 1.3500 & 1.3520 as targets...
Pivot (invalidation): 0.9340 Our preference Short positions below 0.9340 with targets at 0.9310 & 0.9290 in extension. Alternative scenario Above 0.9340 look for further upside with 0.9355 & 0.9375 as targets...
Pivot (invalidation): 106.90 Our preference Short positions below 106.90 with targets at 106.65 & 106.50 in extension. Alternative scenario Above 106.90 look for further upside with 107.05 & 107.20 as targets...
Pivot (invalidation): 1.2700 Our preference Long positions above 1.2700 with targets at 1.2765 & 1.2800 in extension. Alternative scenario Below 1.2700 look for further downside with 1.2670 & 1.2645 as targets...
Pivot (invalidation): 1.1520 Our preference Long positions above 1.1520 with targets at 1.1555 & 1.1580 in extension. Alternative scenario Below 1.1520 look for further downside with 1.1495 & 1.1470 as targets...
In the commodity market, oil prices are trading inside a narrow bullish channel. The COVID vaccine trials are supporting hopes that oil demand would revive. The optimism offsets the fears of new restrictive measures amid an increasing number of coronavirus cases. WTI futures are up 0.17% to $40...
US equities defied the bearish rhetoric at the start of the week and extended gains, with Nasdaq updating the record high again on Monday. The tech sector has been driven by investors who turned to tech stocks ahead of the financial reporting of several mega-cap companies due later this week...
Pivot (invalidation): 40.65 Our preference Long positions above 40.65 with targets at 41.25 & 41.45 in extension. Alternative scenario Below 40.65 look for further downside with 40.30 & 40.00 as targets...
Pivot (invalidation): 19.9200 Our preference Long positions above 19.9200 with targets at 20.4400 & 20.6000 in extension. Alternative scenario Below 19.9200 look for further downside with 19.6800 & 19.5600 as targets...