Jiming Huang / Blog
Pivot (invalidation): 0.9140 Our preference Short positions below 0.9140 with targets at 0.9110 & 0.9090 in extension. Alternative scenario Above 0.9140 look for further upside with 0.9155 & 0.9170 as targets...
Pivot (invalidation): 104.80 Our preference Short positions below 104.80 with targets at 104.40 & 104.20 in extension. Alternative scenario Above 104.80 look for further upside with 105.10 & 105.35 as targets...
Pivot (invalidation): 1.3195 Our preference Long positions above 1.3195 with targets at 1.3245 & 1.3275 in extension. Alternative scenario Below 1.3195 look for further downside with 1.3170 & 1.3150 as targets...
Pivot (invalidation): 1.1830 Our preference Long positions above 1.1830 with targets at 1.1860 & 1.1880 in extension. Alternative scenario Below 1.1830 look for further downside with 1.1810 & 1.1785 as targets...
At the time of writing, China’s Shanghai Composite is down 1.32%, and the Shenzhen Component has lost 0.88...
In the commodity market, oil prices are declining but are set to end the week higher. WTI slumped by almost 1.5% to $40.53, and Brent fell 1.10% to $43. Crude prices are under pressure amid fears of a slow economic recovery and weakening demand caused by the resurgence of the pandemic...
US equities tumbled on Thursday as investors focused on the accelerating number of COVID infections after an oversaturated optimism surrounding the coronavirus vaccine candidate produced by Pfizer and BieNTech...
Pivot (invalidation): 41.30 Our preference Short positions below 41.30 with targets at 39.40 & 38.90 in extension. Alternative scenario Above 41.30 look for further upside with 42.20 & 43.05 as targets...
Pivot (invalidation): 24.0200 Our preference Long positions above 24.0200 with targets at 24.4900 & 24.6900 in extension. Alternative scenario Below 24.0200 look for further downside with 23.7500 & 23.5500 as targets...