Jiming Huang / Blog
Pivot (invalidation): 8.4450 Our preference Short positions below 8.4450 with targets at 8.3980 & 8.3710 in extension. Alternative scenario Above 8.4450 look for further upside with 8.4750 & 8.5110 as targets...
Pivot (invalidation): 0.7225 Our preference Long positions above 0.7225 with targets at 0.7290 & 0.7320 in extension. Alternative scenario Below 0.7225 look for further downside with 0.7190 & 0.7150 as targets...
Pivot (invalidation): 1.3035 Our preference Long positions above 1.3035 with targets at 1.3115 & 1.3150 in extension. Alternative scenario Below 1.3035 look for further downside with 1.3000 & 1.2970 as targets...
Pivot (invalidation): 0.9065 Our preference Short positions below 0.9065 with targets at 0.9025 & 0.9000 in extension. Alternative scenario Above 0.9065 look for further upside with 0.9085 & 0.9100 as targets...
Pivot (invalidation): 103.70 Our preference Short positions below 103.70 with targets at 103.20 & 103.00 in extension. Alternative scenario Above 103.70 look for further upside with 103.95 & 104.20 as targets...
Pivot (invalidation): 1.3095 Our preference Long positions above 1.3095 with targets at 1.3165 & 1.3200 in extension. Alternative scenario Below 1.3095 look for further downside with 1.3060 & 1.3030 as targets...
Pivot (invalidation): 1.1795 Our preference Long positions above 1.1795 with targets at 1.1850 & 1.1880 in extension. Alternative scenario Below 1.1795 look for further downside with 1.1770 & 1.1735 as targets...
n the commodity market, oil prices are retreating after surging about 4% yesterday and gaining over 9% during the last three sessions. Both WTI and Brent are down over 1.80% as Biden is likely to win the US election...
Wall Street surged on Wednesday to extend its rally as investors are closely watching the counting of US election votes, with mail-in ballots being more complicated to count...