Jiming Huang / Blog
US stocks are poised to retreat after the opening bell, as futures on the three benchmark indexes are declining slightly during the European morning on Monday. Last week, the three indices ended at record highs on the back of stimulus talks...
In the commodity market, oil prices are declining on Monday as the number of COVID cases continues to surge globally and in the US, which is the world’s biggest oil consumer. WTI is down over 0.40%, and Brent has declined by over 0.30...
Pivot (invalidation): 45.60 Our preference Long positions above 45.60 with targets at 46.65 & 47.05 in extension. Alternative scenario Below 45.60 look for further downside with 45.05 & 44.65 as targets...
Pivot (invalidation): 24.4000 Our preference Short positions below 24.4000 with targets at 23.7200 & 23.5300 in extension. Alternative scenario Above 24.4000 look for further upside with 24.6200 & 24.8100 as targets...
Pivot (invalidation): 1845.00 Our preference Short positions below 1845.00 with targets at 1829.00 & 1823.00 in extension. Alternative scenario Above 1845.00 look for further upside with 1855.00 & 1861.00 as targets...
Pivot (invalidation): 3665.00 Our preference Long positions above 3665.00 with targets at 3710.00 & 3740.00 in extension. Alternative scenario Below 3665.00 look for further downside with 3645.00 & 3625.00 as targets...
Pivot (invalidation): 13260.00 Our preference Long positions above 13260.00 with targets at 13310.00 & 13350.00 in extension. Alternative scenario Below 13260.00 look for further downside with 13225.00 & 13170.00 as targets...
Pivot (invalidation): 7.8420 Our preference Short positions below 7.8420 with targets at 7.7780 & 7.7470 in extension. Alternative scenario Above 7.8420 look for further upside with 7.8800 & 7.9150 as targets...
Pivot (invalidation): 0.7405 Our preference Long positions above 0.7405 with targets at 0.7450 & 0.7465 in extension. Alternative scenario Below 0.7405 look for further downside with 0.7390 & 0.7370 as targets...