Jiming Huang / Blog
Pivot (invalidation): 0.7400 Our preference Long positions above 0.7400 with targets at 0.7450 & 0.7465 in extension. Alternative scenario Below 0.7400 look for further downside with 0.7385 & 0.7370 as targets...
Pivot (invalidation): 1.2790 Our preference Long positions above 1.2790 with targets at 1.2830 & 1.2850 in extension. Alternative scenario Below 1.2790 look for further downside with 1.2770 & 1.2750 as targets...
Pivot (invalidation): 0.8900 Our preference Short positions below 0.8900 with targets at 0.8870 & 0.8850 in extension. Alternative scenario Above 0.8900 look for further upside with 0.8915 & 0.8930 as targets...
Pivot (invalidation): 103.90 Our preference Long positions above 103.90 with targets at 104.30 & 104.50 in extension. Alternative scenario Below 103.90 look for further downside with 103.75 & 103.60 as targets...
Pivot (invalidation): 1.3335 Our preference Long positions above 1.3335 with targets at 1.3410 & 1.3470 in extension. Alternative scenario Below 1.3335 look for further downside with 1.3290 & 1.3225 as targets...
Pivot (invalidation): 1.2095 Our preference Long positions above 1.2095 with targets at 1.2135 & 1.2155 in extension. Alternative scenario Below 1.2095 look for further downside with 1.2080 & 1.2060 as targets...
In the commodity market, oil prices have declined on Tuesday, as sentiment is damaged by a surging number of COVID cases and the introduction of new restrictions. WTI is down 0.57%, and Brent has lost 0.70%. Both brands declined by around 1% yesterday...
The US stock market was mixed on Monday, as the tech-oriented Nasdaq updated the record high, while the Dow and the S&P 500 closed in the red. Nasdaq was lifted by Facebook and Apple, though Microsoft and Google parent Alphabet capped the rally...
Pivot (invalidation): 45.90 Our preference Short positions below 45.90 with targets at 44.95 & 44.65 in extension. Alternative scenario Above 45.90 look for further upside with 46.25 & 46.65 as targets...