Jiming Huang / Blog
Pivot (invalidation): 1.1445 Our preference Short positions below 1.1445 with targets at 1.1400 & 1.1375 in extension. Alternative scenario Above 1.1445 look for further upside with 1.1460 & 1.1480 as targets...
In the commodity market, gold prices are flat after a bearish start. Gold futures are trading at around $1,808, as investors weigh the possibility of more stimulus. Besides the US, European leaders are also negotiating a potential plan to support the bloc’s economy...
US stock futures are not foretelling anything good as of early Monday, after the third consecutive week of solid performance. Investors are worried that the rapid increase in the number of COVID cases and deaths would hinder a rapid economic recovery...
In the commodities market, gold has declined 0.14% on fresh hopes for efficient coronavirus vaccines coming out from the US and UK. Also, the European Central Bank (ECB) hinted that it would probably leave interest rates unchanged for a while...
US equities have lost ground on Thursday, after rallying for two days on optimism around Moderna’s vaccine. The S&P 500 (-0...
Pivot (invalidation): 40.95 Our preference Short positions below 40.95 with targets at 40.50 & 40.10 in extension. Alternative scenario Above 40.95 look for further upside with 41.25 & 41.60 as targets...
Pivot (invalidation): 19.2000 Our preference Short positions below 19.2000 with targets at 18.8500 & 18.7200 in extension. Alternative scenario Above 19.2000 look for further upside with 19.3000 & 19.3800 as targets...
Pivot (invalidation): 1803.00 Our preference Short positions below 1803.00 with targets at 1790.00 & 1785.00 in extension. Alternative scenario Above 1803.00 look for further upside with 1807.00 & 1811.00 as targets...
Pivot (invalidation): 3197.00 Our preference Long positions above 3197.00 with targets at 3237.00 & 3270.00 in extension. Alternative scenario Below 3197.00 look for further downside with 3175.00 & 3127.00 as targets...