Jiming Huang / Blog
Pivot (invalidation): 8.2690 Our preference Long positions above 8.2690 with targets at 8.3500 & 8.3860 in extension. Alternative scenario Below 8.2690 look for further downside with 8.2390 & 8.2040 as targets...
Pivot (invalidation): 0.7020 Our preference Long positions above 0.7020 with targets at 0.7075 & 0.7095 in extension. Alternative scenario Below 0.7020 look for further downside with 0.7000 & 0.6975 as targets...
Pivot (invalidation): 1.3335 Our preference Short positions below 1.3335 with targets at 1.3275 & 1.3250 in extension. Alternative scenario Above 1.3335 look for further upside with 1.3370 & 1.3390 as targets...
Pivot (invalidation): 0.9160 Our preference Short positions below 0.9160 with targets at 0.9125 & 0.9110 in extension. Alternative scenario Above 0.9160 look for further upside with 0.9175 & 0.9195 as targets...
Pivot (invalidation): 104.70 Our preference Short positions below 104.70 with targets at 104.25 & 104.10 in extension. Alternative scenario Above 104.70 look for further upside with 104.90 & 105.05 as targets...
Pivot (invalidation): 1.2910 Our preference Long positions above 1.2910 with targets at 1.2950 & 1.2980 in extension. Alternative scenario Below 1.2910 look for further downside with 1.2890 & 1.2875 as targets...
Pivot (invalidation): 1.1665 Our preference Long positions above 1.1665 with targets at 1.1710 & 1.1735 in extension. Alternative scenario Below 1.1665 look for further downside with 1.1645 & 1.1630 as targets...
In the commodity market, oil prices are trading in the positive territory after plunging over 5% to four-month lows amid a spike in COVID cases. Also, the US Energy Information Administration said that crude inventories rose more than anticipated last week as production jumped in a record build...
Wall Street experienced its worst day in about four months on Wednesday, with all benchmark indexes falling well over 3%. Investor sentiment was damaged by fears of the second wave of the pandemic, as the number of COVID cases surged in the US and globally...