Jiming Huang / Blog
Pivot (invalidation): 1.3365 Our preference Long positions above 1.3365 with targets at 1.3410 & 1.3435 in extension. Alternative scenario Below 1.3365 look for further downside with 1.3335 & 1.3310 as targets...
Pivot (invalidation): 1.1900 Our preference Long positions above 1.1900 with targets at 1.1950 & 1.1970 in extension. Alternative scenario Below 1.1900 look for further downside with 1.1880 & 1.1865 as targets...
In the commodity market, oil prices continue to increase on the back of vaccine news and the presidential transition in the US. WTI is up 0.70%, and Brent has added 0.85% to trade above $45 and $48, respectively. Both brands are trading at their highest levels since March...
US equities continued the bullish stance on Tuesday, with the three indexes updating their record highs. Investors expect a rapid recovery next year after the rolling out of the COVID vaccines. Also, the transition of President-elect Joe Biden to the White House is boosting sentiment...
Pivot (invalidation): 44.70 Our preference Long positions above 44.70 with targets at 46.00 & 46.60 in extension. Alternative scenario Below 44.70 look for further downside with 44.20 & 43.60 as targets...
Pivot (invalidation): 23.5200 Our preference Short positions below 23.5200 with targets at 22.9100 & 22.7800 in extension. Alternative scenario Above 23.5200 look for further upside with 23.7200 & 23.9000 as targets...
Pivot (invalidation): 1820.00 Our preference Short positions below 1820.00 with targets at 1791.00 & 1780.00 in extension. Alternative scenario Above 1820.00 look for further upside with 1831.00 & 1841.00 as targets...
Pivot (invalidation): 3592.00 Our preference Long positions above 3592.00 with targets at 3660.00 & 3690.00 in extension. Alternative scenario Below 3592.00 look for further downside with 3543.00 & 3518.00 as targets...
Pivot (invalidation): 13220.00 Our preference Long positions above 13220.00 with targets at 13380.00 & 13460.00 in extension. Alternative scenario Below 13220.00 look for further downside with 13160.00 & 13100.00 as targets...