Jiming Huang / Blog
GBP/USD Target 1.3440. Pivot (invalidation): 1.3340 Our preference Long positions above 1.3340 with targets at 1.3410 & 1.3440 in extension. Alternative scenario...
Pivot (invalidation): 1.2080 Our preference Long positions above 1.2080 with targets at 1.2150 & 1.2175 in extension. Alternative scenario Below 1.2080 look for further downside with 1.2060 & 1.2040 as targets...
In the commodity market, oil prices maintained the bearish stance as OPEC+ delayed a meeting to decide the continuation of production cuts beyond January. The meeting was delayed from Tuesday to Thursday...
Wall Street built on the November rally on Tuesday, with Nasdaq and the S&P 500 updating their record highs. Investor sentiment was lifted by the vaccine optimism and more confidence that a rapid economic recovery is possible...
Pivot (invalidation): 44.70 Our preference Short positions below 44.70 with targets at 43.70 & 43.30 in extension. Alternative scenario Above 44.70 look for further upside with 45.15 & 45.70 as targets...
Pivot (invalidation): 23.4900 Our preference Long positions above 23.4900 with targets at 24.0500 & 24.3200 in extension. Alternative scenario Below 23.4900 look for further downside with 23.1600 & 22.9000 as targets...
Pivot (invalidation): 1793.00 Our preference Long positions above 1793.00 with targets at 1818.00 & 1832.00 in extension. Alternative scenario Below 1793.00 look for further downside with 1782.00 & 1770.00 as targets...
Pivot (invalidation): 3645.00 Our preference Long positions above 3645.00 with targets at 3678.00 & 3700.00 in extension. Alternative scenario Below 3645.00 look for further downside with 3625.00 & 3595.00 as targets...
Pivot (invalidation): 13360.00 Our preference Long positions above 13360.00 with targets at 13440.00 & 13460.00 in extension. Alternative scenario Below 13360.00 look for further downside with 13335.00 & 13300.00 as targets...