Jiming Huang / Blog
In the commodity market, oil prices are bullish at the start of the week, recovering some of the previous losses. Crude prices are increasing on hopes that OPEC+ would maintain current production cuts...
Futures on Wall Street’s three main indexes continue to ascend after equities gained over 1% on Friday. The stock market showed a mixed performance last week, as focus oscillated between the vaccine news and the surging number of COVID infections...
Pivot (invalidation): 40.10 Our preference Long positions above 40.10 with targets at 41.05 & 41.55 in extension. Alternative scenario Below 40.10 look for further downside with 39.40 & 38.90 as targets...
Pivot (invalidation): 24.5800 Our preference Long positions above 24.5800 with targets at 25.1700 & 25.4900 in extension. Alternative scenario Below 24.5800 look for further downside with 24.4100 & 24.2000 as targets...
Pivot (invalidation): 1880.00 Our preference Long positions above 1880.00 with targets at 1912.00 & 1921.00 in extension. Alternative scenario Below 1880.00 look for further downside with 1873.00 & 1867.00 as targets...
Pivot (invalidation): 3552.00 Our preference Long positions above 3552.00 with targets at 3645.00 & 3690.00 in extension. Alternative scenario Below 3552.00 look for further downside with 3485.00 & 3440.00 as targets...
Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13210.00 & 13330.00 in extension. Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets...
Pivot (invalidation): 7.7400 Our preference Short positions below 7.7400 with targets at 7.5840 & 7.5110 in extension. Alternative scenario Above 7.7400 look for further upside with 7.8160 & 7.8930 as targets...
Pivot (invalidation): 0.7260 Our preference Long positions above 0.7260 with targets at 0.7300 & 0.7320 in extension. Alternative scenario Below 0.7260 look for further downside with 0.7240 & 0.7220 as targets...