Jiming Huang / Blog
Pivot (invalidation): 13210.00 Our preference Long positions above 13210.00 with targets at 13370.00 & 13410.00 in extension. Alternative scenario Below 13210.00 look for further downside with 13163.00 & 13110.00 as targets...
Pivot (invalidation): 7.8500 Our preference Long positions above 7.8500 with targets at 7.9240 & 7.9640 in extension. Alternative scenario Below 7.8500 look for further downside with 7.8170 & 7.7810 as targets...
Pivot (invalidation): 0.7520 Our preference Long positions above 0.7520 with targets at 0.7580 & 0.7615 in extension. Alternative scenario Below 0.7520 look for further downside with 0.7485 & 0.7450 as targets...
Pivot (invalidation): 1.2770 Our preference Short positions below 1.2770 with targets at 1.2700 & 1.2670 in extension. Alternative scenario Above 1.2770 look for further upside with 1.2790 & 1.2810 as targets...
Pivot (invalidation): 0.8875 Our preference Short positions below 0.8875 with targets at 0.8835 & 0.8820 in extension. Alternative scenario Above 0.8875 look for further upside with 0.8900 & 0.8915 as targets...
Pivot (invalidation): 104.25 Our preference Short positions below 104.25 with targets at 103.70 & 103.50 in extension. Alternative scenario Above 104.25 look for further upside with 104.40 & 104.55 as targets...
Pivot (invalidation): 1.3270 Our preference Long positions above 1.3270 with targets at 1.3360 & 1.3390 in extension. Alternative scenario Below 1.3270 look for further downside with 1.3245 & 1.3225 as targets...
Pivot (invalidation): 1.2120 Our preference Long positions above 1.2120 with targets at 1.2175 & 1.2210 in extension. Alternative scenario Below 1.2120 look for further downside with 1.2100 & 1.2080 as targets...
In the commodity market, oil prices are bullish on Thursday but moving sideways on larger timeframes. The crude is leveraging investor hopes that the rollout of COVID vaccines would push economic recovery. The US is expected to approve the first vaccine candidate later this week. WTI is up 0...