Jiming Huang / Blog
Pivot (invalidation): 0.7515 Our preference Long positions above 0.7515 with targets at 0.7570 & 0.7600 in extension. Alternative scenario Below 0.7515 look for further downside with 0.7490 & 0.7460 as targets. Comment A support base at 0...
Pivot (invalidation): 1.2930 Our preference Short positions below 1.2930 with targets at 1.2865 & 1.2835 in extension. Alternative scenario...
Pivot (invalidation): 0.8905 Our preference Short positions below 0.8905 with targets at 0.8860 & 0.8840 in extension. Alternative scenario...
Pivot (invalidation): 103.70 Our preference Short positions below 103.70 with targets at 103.35 & 103.20 in extension. Alternative scenario...
Our preference Long positions above 1.3350 with targets at 1.3435 & 1.3470 in extension. Alternative scenario Below 1.3350 look for further downside with 1.3300 & 1.3270 as targets...
(invalidation): 1.2150 Our preference Long positions above 1.2150 with targets at 1.2205 & 1.2230 in extension. Alternative scenario Below 1.2150 look for further downside with 1.2130 & 1.2110 as targets...
The US stock market was mostly bearish on Monday, but it maintained to bounce back from session lows. Bears were concerned about the new strain of the coronavirus detected in the UK, while bulls were pointing to the stimulus package finally approved by Congress. Nasdaq (-0...
In the commodity market, oil prices continue to tumble on worries that the new COVID strain would trigger new lockdowns and thus hit demand for crude even harder. Both WTI and Brent brands are down over 2.10%, after gaining about 40% in the last two months to hit the highest in nine months...
Pivot (invalidation): 47.40 Our preference Long positions above 47.40 with targets at 48.15 & 48.75 in extension. Alternative scenario...