Jiming Huang / Blog
Pivot (invalidation): 104.65 Our preference Long positions above 104.65 with targets at 105.00 & 105.20 in extension. Alternative scenario Below 104.65 look for further downside with 104.50 & 104.30 as targets...
Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.3015 & 1.2985 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3090 & 1.3125 as targets...
Pivot (invalidation): 1.1860 Our preference Short positions below 1.1860 with targets at 1.1825 & 1.1805 in extension. Alternative scenario Above 1.1860 look for further upside with 1.1880 & 1.1900 as targets...
In the commodity market, oil prices gained from the comments made by Russian President Vladimir Putin, who expressed his readiness to extend record production cuts in the wake of the pandemic. However, crude prices gave up their recent gains amid fears that the second wave would hurt demand...
US shares closed higher on Thursday on hopes that the next stimulus package would be voted soon and would support the economy hit by the pandemic...
Pivot (invalidation): 40.45 Our preference Long positions above 40.45 with targets at 41.00 & 41.20 in extension. Alternative scenario Below 40.45 look for further downside with 40.00 & 39.70 as targets...
Pivot (invalidation): 24.8100 Our preference Short positions below 24.8100 with targets at 24.3500 & 24.1900 in extension. Alternative scenario Above 24.8100 look for further upside with 24.9700 & 25.0800 as targets...
Pivot (invalidation): 1910.00 Our preference Short positions below 1910.00 with targets at 1899.00 & 1894.00 in extension. Alternative scenario Above 1910.00 look for further upside with 1914.00 & 1920.00 as targets...
Pivot (invalidation): 3415.00 Our preference Long positions above 3415.00 with targets at 3480.00 & 3515.00 in extension. Alternative scenario Below 3415.00 look for further downside with 3370.00 & 3325.00 as targets...