Jiming Huang / Blog
Pivot (invalidation): 0.7620 Our preference Long positions above 0.7620 with targets at 0.7655 & 0.7675 in extension. Alternative scenario Below 0.7620 look for further downside with 0.7600 & 0.7585 as targets...
Pivot (invalidation): 1.2825 Our preference Short positions below 1.2825 with targets at 1.2775 & 1.2760 in extension. Alternative scenario Above 1.2825 look for further upside with 1.2845 & 1.2860 as targets...
Pivot (invalidation): 0.8850 Our preference Short positions below 0.8850 with targets at 0.8800 & 0.8785 in extension. Alternative scenario Above 0.8850 look for further upside with 0.8875 & 0.8900 as targets...
Pivot (invalidation): 103.60 Our preference Short positions below 103.60 with targets at 103.20 & 103.00 in extension. Alternative scenario Above 103.60 look for further upside with 103.75 & 103.90 as targets...
Pivot (invalidation): 1.3490 Our preference Long positions above 1.3490 with targets at 1.3575 & 1.3615 in extension. Alternative scenario...
Pivot (invalidation): 1.2255 Our preference Long positions above 1.2255 with targets at 1.2300 & 1.2320 in extension. Alternative scenario...
In the commodity market, oil prices rose on Tuesday, as investors expect an increase in fuel demand. Trump signed a massive stimulus package while the House of Representatives voted to increase payments to Americans to $2,000, which would support crude demand...
Wall Street started the week off on the right food, with all three benchmark indexes securing gains on Monday, as US President Donald Trump signed a massive COVID relief bill worth $2.3 trillion...
Pivot (invalidation): 48.30 Our preference Short positions below 48.30 with targets at 47.55 & 47.25 in extension. Alternative scenario Above 48.30 look for further upside with 48.60 & 48.95 as targets...