Jiming Huang / Blog
Pivot (invalidation): 13310.00 Our preference Short positions below 13310.00 with targets at 13220.00 & 13170.00 in extension. Alternative scenario Above 13310.00 look for further upside with 13350.00 & 13380.00 as targets...
Pivot (invalidation): 7.8420 Our preference Short positions below 7.8420 with targets at 7.7470 & 7.7100 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 & 0.7480 in extension. Alternative scenario Below 0.7405 look for further downside with 0.7390 & 0.7370 as targets...
Pivot (invalidation): 1.2900 Our preference Short positions below 1.2900 with targets at 1.2825 & 1.2800 in extension. Alternative scenario Above 1.2900 look for further upside with 1.2920 & 1.2940 as targets...
Pivot (invalidation): 0.8940 Our preference Short positions below 0.8940 with targets at 0.8885 & 0.8850 in extension. Alternative scenario Above 0.8940 look for further upside with 0.8965 & 0.8990 as targets...
Pivot (invalidation): 104.15 Our preference Short positions below 104.15 with targets at 103.65 & 103.30 in extension. Alternative scenario Above 104.15 look for further upside with 104.35 & 104.55 as targets...
Pivot (invalidation): 1.3420 Our preference Long positions above 1.3420 with targets at 1.3500 & 1.3530 in extension. Alternative scenario Below 1.3420 look for further downside with 1.3395 & 1.3370 as targets...
Pivot (invalidation): 1.2115 Our preference Long positions above 1.2115 with targets at 1.2175 & 1.2200 in extension. Alternative scenario Below 1.2115 look for further downside with 1.2095 & 1.2070 as targets...
In the commodity market, oil prices are declining amid a wobbling week. The WTI is down 0.42%, and Brent lost over 0.30%. OPEC+ is resuming talks regarding a potential extension of the crude production cuts after the current deadline of January 2021...