Jiming Huang / Blog
Pivot (invalidation): 107.00 Our preference Short positions below 107.00 with targets at 106.75 & 106.65 in extension. Alternative scenario Above 107.00 look for further upside with 107.15 & 107.30 as targets...
Pivot (invalidation): 1.2335 Our preference Long positions above 1.2335 with targets at 1.2410 & 1.2455 in extension. Alternative scenario Below 1.2335 look for further downside with 1.2285 & 1.2250 as targets...
Pivot (invalidation): 1.1165 Our preference Long positions above 1.1165 with targets at 1.1220 & 1.1240 in extension. Alternative scenario Below 1.1165 look for further downside with 1.1140 & 1.1120 as targets...
The strong US dollar gains strength against most currencies, except the yen and the Swiss franc as de-risking continues. Gold remains stoic faced with the lack of clarity in market direction...
Asian stocks are set to close the week on a positive note, after having swung between hope of post-Covid recovery and fear of a second wave contamination this week. US equities were mostly flat on Thursday...
Pivot (invalidation): 38.50 Our preference Long positions above 38.50 with targets at 39.50 & 40.30 in extension. Alternative scenario Below 38.50 look for further downside with 37.95 & 37.55 as targets...
Pivot (invalidation): 17.5400 Our preference Short positions below 17.5400 with targets at 17.2900 & 17.1400 in extension. Alternative scenario Above 17.5400 look for further upside with 17.6700 & 17.7500 as targets...
Pivot (invalidation): 1728.00 Our preference Short positions below 1728.00 with targets at 1717.00 & 1712.50 in extension. Alternative scenario Above 1728.00 look for further upside with 1733.00 & 1737.50 as targets...
Pivot (invalidation): 3154.00 Our preference Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension. Alternative scenario Above 3154.00 look for further upside with 3184.00 & 3233.00 as targets...