Jiming Huang / Blog
Pivot (invalidation): 1.1740 Our preference Long positions above 1.1740 with targets at 1.1765 & 1.1785 in extension. Alternative scenario Below 1.1740 look for further downside with 1.1725 & 1.1715 as targets...
In the commodity market, oil prices are declining after a bump on Tuesday. The surging number of COVID cases is putting serious pressure on oil demand. Also, the American Petroleum Institute said that US crude and gasoline stocks rose more than expected last week...
Wall Street indexes took different routes on Tuesday after a wobbling session. The Dow and the S&P 500 extended their losses (0.80% and 0.30%, respectively), while Nasdaq rose 0.64% to recover part of the losses...
Pivot (invalidation): 39.10 Our preference Short positions below 39.10 with targets at 38.30 & 37.90 in extension. Alternative scenario Above 39.10 look for further upside with 39.40 & 39.80 as targets...
Pivot (invalidation): 24.5000 Our preference Short positions below 24.5000 with targets at 24.1800 & 24.0700 in extension. Alternative scenario Above 24.5000 look for further upside with 24.6600 & 24.8500 as targets...
Pivot (invalidation): 1910.00 Our preference Short positions below 1910.00 with targets at 1902.00 & 1898.00 in extension. Alternative scenario Above 1910.00 look for further upside with 1914.00 & 1920.00 as targets...
Pivot (invalidation): 3425.00 Our preference Short positions below 3425.00 with targets at 3365.00 & 3325.00 in extension. Alternative scenario Above 3425.00 look for further upside with 3465.00 & 3515.00 as targets...
Pivot (invalidation): 12230.00 Our preference Short positions below 12230.00 with targets at 11880.00 & 11770.00 in extension. Alternative scenario Above 12230.00 look for further upside with 12400.00 & 12530.00 as targets...
Pivot (invalidation): 8.1520 Our preference Long positions above 8.1520 with targets at 8.2300 & 8.2750 in extension. Alternative scenario Below 8.1520 look for further downside with 8.1170 & 8.0780 as targets...