Jiming Huang / Blog
Pivot (invalidation): 0.6930 Our preference Short positions below 0.6930 with targets at 0.6910 & 0.6900 in extension. Alternative scenario Above 0.6930 look for further upside with 0.6945 & 0.6960 as targets...
Pivot (invalidation): 6.8560 Our preference Short positions below 6.8560 with targets at 6.8400 & 6.8330 in extension. Alternative scenario Above 6.8560 look for further upside with 6.8620 & 6.8720 as targets...
Pivot (invalidation): 1.3585 Our preference Short positions below 1.3585 with targets at 1.3540 & 1.3515 in extension. Alternative scenario Above 1.3585 look for further upside with 1.3615 & 1.3640 as targets...
Pivot (invalidation): 0.9440 Our preference Long positions above 0.9440 with targets at 0.9465 & 0.9480 in extension. Alternative scenario Below 0.9440 look for further downside with 0.9420 & 0.9400 as targets...
Pivot (invalidation): 107.65 Our preference Short positions below 107.65 with targets at 107.40 & 107.30 in extension. Alternative scenario Above 107.65 look for further upside with 107.80 & 108.00 as targets...
Pivot (invalidation): 1.2490 Our preference Short positions below 1.2490 with targets at 1.2450 & 1.2420 in extension. Alternative scenario Above 1.2490 look for further upside with 1.2525 & 1.2560 as targets...
Pivot (invalidation): 1.1255 Our preference Short positions below 1.1255 with targets at 1.1230 & 1.1220 in extension. Alternative scenario Above 1.1255 look for further upside with 1.1275 & 1.1300 as targets...
In the FX, the US dollar remained near the 97 level and the US 10-year yield steadied below the 0.70% mark. The EURUSD sees a decent support from dip buyers below 1.12, but has difficulty gathering extra momentum above the 1.1250 mark...
US indices finished mostly higher on Wednesday on promising Covid vaccine trial from Pfizer and BioNTech, that maintained the hope of having a vaccine by January and dashed worries regarding the mounting new infection cases in the US. Tech stocks hit another record. The S&P500 advanced 0...