Jiming Huang / Blog
Pivot (invalidation): 7.9090 Our preference Long positions above 7.9090 with targets at 7.9690 & 8.0000 in extension. Alternative scenario Below 7.9090 look for further downside with 7.8820 & 7.8500 as targets...
Pivot (invalidation): 0.7105 Our preference Long positions above 0.7105 with targets at 0.7140 & 0.7155 in extension. Alternative scenario Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets...
Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3155 & 1.3175 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3100 & 1.3080 as targets...
Pivot (invalidation): 0.9060 Our preference Long positions above 0.9060 with targets at 0.9080 & 0.9095 in extension. Alternative scenario Below 0.9060 look for further downside with 0.9045 & 0.9030 as targets...
Pivot (invalidation): 104.65 Our preference Long positions above 104.65 with targets at 104.95 & 105.15 in extension. Alternative scenario Below 104.65 look for further downside with 104.45 & 104.30 as targets...
Pivot (invalidation): 1.3100 Our preference Short positions below 1.3100 with targets at 1.3040 & 1.3010 in extension. Alternative scenario Above 1.3100 look for further upside with 1.3125 & 1.3150 as targets...
Pivot (invalidation): 1.1830 Our preference Short positions below 1.1830 with targets at 1.1785 & 1.1760 in extension. Alternative scenario Above 1.1830 look for further upside with 1.1850 & 1.1865 as targets...
In the commodity market, oil prices continued the bearish trend after the Energy Information Administration (EIA) reported a 1.001 million barrel draw last week, which is smaller than analysts’ expectations of a 1.021 million-barrel draw...
Wall Street gave up Tuesday gains and ended lower after a wobbling session on Wednesday. The markets were under pressure as investors continued to watch the tough negotiations between Republicans and Democrats to deploy another package of coronavirus relief...