Jiming Huang / Blog
In the commodity market, oil prices are extending gains as investors anticipate a recovery in crude demand thanks to the implementation of the COVID vaccines in the near future. Still, the renewed restrictions in several countries are forcing stronger resistance levels on crude prices...
US equities will likely open higher on Monday after a bearish end of the week. Futures on Dow Jones and the S&P 500 are up 0.30% as of Monday morning European time, even though the number of COVID infections continues to increase in the US and Europe...
Pivot (invalidation): 42.00 Our preference Long positions above 42.00 with targets at 42.65 & 43.00 in extension. Alternative scenario Below 42.00 look for further downside with 41.60 & 41.25 as targets...
Pivot (invalidation): 24.0600 Our preference Long positions above 24.0600 with targets at 24.3900 & 24.5200 in extension. Alternative scenario Below 24.0600 look for further downside with 23.9300 & 23.8200 as targets...
Pivot (invalidation): 1866.00 Our preference Long positions above 1866.00 with targets at 1880.00 & 1885.00 in extension. Alternative scenario Below 1866.00 look for further downside with 1862.00 & 1858.00 as targets...
Pivot (invalidation): 3587.00 Our preference Short positions below 3587.00 with targets at 3543.00 & 3518.00 in extension. Alternative scenario Above 3587.00 look for further upside with 3606.00 & 3627.00 as targets...
Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13215.00 & 13297.00 in extension. Alternative scenario Below 13000.00 look for further downside with 12890.00 & 12810.00 as targets...
Pivot (invalidation): 7.5960 Our preference Long positions above 7.5960 with targets at 7.6810 & 7.7220 in extension. Alternative scenario Below 7.5960 look for further downside with 7.5460 & 7.5110 as targets...
Pivot (invalidation): 0.7295 Our preference Long positions above 0.7295 with targets at 0.7330 & 0.7355 in extension. Alternative scenario Below 0.7295 look for further downside with 0.7280 & 0.7265 as targets...