Jiming Huang / Blog
The global risk rally was boosted on Friday by surprise increase in US nonfarm payrolls, talks of a merger between two pharmaceutic giants, AstraZeneca and Gilead fighting against the coronavirus, and the agreement among the OPEC+ countries to extend the historical production cut by a month...
Pivot (invalidation): 38.85 Our preference Long positions above 38.85 with targets at 40.45 & 41.05 in extension. Alternative scenario Below 38.85 look for further downside with 38.15 & 37.60 as targets...
Pivot (invalidation): 17.5900 Our preference Short positions below 17.5900 with targets at 17.3400 & 17.2000 in extension. Alternative scenario Above 17.5900 look for further upside with 17.7500 & 17.8500 as targets...
Pivot (invalidation): 1701.00 Our preference Short positions below 1701.00 with targets at 1676.00 & 1668.00 in extension. Alternative scenario Above 1701.00 look for further upside with 1712.00 & 1722.00 as targets...
Pivot (invalidation): 3162.00 Our preference Long positions above 3162.00 with targets at 3210.00 & 3251.00 in extension. Alternative scenario Below 3162.00 look for further downside with 3128.00 & 3090.00 as targets...
Pivot (invalidation): 12600.00 Our preference Long positions above 12600.00 with targets at 13000.00 & 13220.00 in extension. Alternative scenario Below 12600.00 look for further downside with 12325.00 & 12133.00 as targets...
Pivot (invalidation): 6.7430 Our preference Long positions above 6.7430 with targets at 6.7840 & 6.8000 in extension. Alternative scenario Below 6.7430 look for further downside with 6.7170 & 6.6930 as targets...
Pivot (invalidation): 0.6955 Our preference Long positions above 0.6955 with targets at 0.7000 & 0.7015 in extension. Alternative scenario Below 0.6955 look for further downside with 0.6925 & 0.6900 as targets...