Jiming Huang / Blog
Pivot (invalidation): 103.15 Our preference Long positions above 103.15 with targets at 103.60 & 103.80 in extension. Alternative scenario Below 103.15 look for further downside with 103.00 & 102.80 as targets...
Pivot (invalidation): 1.3145 Our preference Long positions above 1.3145 with targets at 1.3200 & 1.3230 in extension. Alternative scenario Below 1.3145 look for further downside with 1.3110 & 1.3090 as targets...
Pivot (invalidation): 1.1860 Our preference Long positions above 1.1860 with targets at 1.1910 & 1.1935 in extension. Alternative scenario Below 1.1860 look for further downside with 1.1840 & 1.1810 as targets...
In the commodity market, oil prices continue to decline after a strong start of the week. Both brands have declined by over 2%, as investors are worried about weakening demand amid the fresh lockdowns imposed in Europe...
US equities continued to rally on Thursday and are set to end the week higher no matter what happens later today...
Pivot (invalidation): 38.90 Our preference Short positions below 38.90 with targets at 37.25 & 36.55 in extension. Alternative scenario Above 38.90 look for further upside with 39.35 & 39.80 as targets...
Pivot (invalidation): 24.8600 Our preference Long positions above 24.8600 with targets at 25.4700 & 25.8100 in extension. Alternative scenario Below 24.8600 look for further downside with 24.6400 & 24.3800 as targets...
Pivot (invalidation): 1926.00 Our preference Long positions above 1926.00 with targets at 1953.00 & 1965.00 in extension. Alternative scenario Below 1926.00 look for further downside with 1916.00 & 1902.00 as targets...
Pivot (invalidation): 3485.00 Our preference Long positions above 3485.00 with targets at 3550.00 & 3587.00 in extension. Alternative scenario Below 3485.00 look for further downside with 3440.00 & 3405.00 as targets...