Jiming Huang / Blog
Pivot (invalidation): 1.3260 Our preference Short positions below 1.3260 with targets at 1.3210 & 1.3190 in extension. Alternative scenario Above 1.3260 look for further upside with 1.3290 & 1.3310 as targets...
Pivot (invalidation): 1.1860 Our preference Short positions below 1.1860 with targets at 1.1830 & 1.1820 in extension. Alternative scenario Above 1.1860 look for further upside with 1.1875 & 1.1890 as targets...
In the commodity market, oil prices are declining slightly after the American Petroleum Institute (API) reported a bigger-than-expected increase in US crude inventories, while disappointing retail sales data put additional pressure...
US equities took a pause on Tuesday and retreated from their record highs. While the optimism over COVID vaccines is still there, investors focused on the surging number of infections, which can lead to another series of lockdowns. Also, US retail sales data disappointed...
Pivot (invalidation): 40.85 Our preference Long positions above 40.85 with targets at 41.70 & 42.10 in extension. Alternative scenario Below 40.85 look for further downside with 40.55 & 40.05 as targets...
Pivot (invalidation): 24.6200 Our preference Short positions below 24.6200 with targets at 24.2000 & 24.0200 in extension. Alternative scenario Above 24.6200 look for further upside with 24.8300 & 24.9600 as targets...
Pivot (invalidation): 1887.00 Our preference Short positions below 1887.00 with targets at 1872.00 & 1864.00 in extension. Alternative scenario Above 1887.00 look for further upside with 1894.00 & 1899.00 as targets...
Pivot (invalidation): 3579.00 Our preference Long positions above 3579.00 with targets at 3645.00 & 3690.00 in extension. Alternative scenario Below 3579.00 look for further downside with 3552.00 & 3518.00 as targets...
Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13297.00 & 13460.00 in extension. Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets...