Jiming Huang / Blog
Pivot (invalidation): 1.3165 Our preference Long positions above 1.3165 with targets at 1.3280 & 1.3320 in extension. Alternative scenario Below 1.3165 look for further downside with 1.3130 & 1.3090 as targets...
Pivot (invalidation): 0.9135 Our preference Long positions above 0.9135 with targets at 0.9190 & 0.9210 in extension. Alternative scenario Below 0.9135 look for further downside with 0.9105 & 0.9085 as targets...
Pivot (invalidation): 104.65 Our preference Long positions above 104.65 with targets at 105.35 & 105.55 in extension. Alternative scenario Below 104.65 look for further downside with 104.40 & 104.20 as targets...
Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.2935 & 1.2890 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3100 & 1.3140 as targets...
Pivot (invalidation): 1.1700 Our preference Short positions below 1.1700 with targets at 1.1600 & 1.1580 in extension. Alternative scenario Above 1.1700 look for further upside with 1.1730 & 1.1770 as targets...
In the commodity market, oil prices are declining but generally moving sideways after a bullish Monday. At the time of writing, WTI and Brent futures are down about 0.30% to $36.66 and $38.76, respectively. Last week, oil prices tumbled to the lowest since the end of May...
Wall Street closed higher on Monday, with investors waiting for the US election scheduled for Tuesday. The election will definitely cause major swings until at least the end of this week...
Pivot (invalidation): 36.20 Our preference Long positions above 36.20 with targets at 37.35 & 37.70 in extension. Alternative scenario Below 36.20 look for further downside with 35.65 & 35.10 as targets...
Pivot (invalidation): 23.7000 Our preference Long positions above 23.7000 with targets at 24.2500 & 24.5600 in extension. Alternative scenario Below 23.7000 look for further downside with 23.3700 & 23.1500 as targets...