Jiming Huang / Blog
Pivot (invalidation): 0.8880 Our preference Long positions above 0.8880 with targets at 0.8940 & 0.8970 in extension. Alternative scenario Below 0.8880 look for further downside with 0.8860 & 0.8845 as targets...
Pivot (invalidation): 104.25 Our preference Short positions below 104.25 with targets at 103.80 & 103.65 in extension. Alternative scenario Above 104.25 look for further upside with 104.40 & 104.55 as targets...
Pivot (invalidation): 1.3450 Our preference Short positions below 1.3450 with targets at 1.3385 & 1.3360 in extension. Alternative scenario Above 1.3450 look for further upside with 1.3490 & 1.3535 as targets...
Pivot (invalidation): 1.2150 Our preference Short positions below 1.2150 with targets at 1.2110 & 1.2090 in extension. Alternative scenario Above 1.2150 look for further upside with 1.2175 & 1.2200 as targets...
Nasdaq and the S&P 500 updated their all-time highs on Thursday, while the Dow broke above 30,000 again for a while. However, the stock indexes took different routes by the end of the session, as the S&P ended lower...
In the commodity market, oil prices are increasing to save the week, as OPEC+ members agreed to continue the production cuts to deal with a drastic decrease in demand amid a global coronavirus crisis...
Pivot (invalidation): 45.60 Our preference Long positions above 45.60 with targets at 47.05 & 47.45 in extension. Alternative scenario Below 45.60 look for further downside with 45.05 & 44.65 as targets...
Pivot (invalidation): 23.7900 Our preference Long positions above 23.7900 with targets at 24.3200 & 24.5300 in extension. Alternative scenario Below 23.7900 look for further downside with 23.5200 & 23.3100 as targets...
Pivot (invalidation): 1829.00 Our preference Long positions above 1829.00 with targets at 1851.00 & 1861.00 in extension. Alternative scenario Below 1829.00 look for further downside with 1817.00 & 1807.00 as targets...