Jiming Huang / Blog
Pivot (invalidation): 1.3145 Our preference Short positions below 1.3145 with targets at 1.3070 & 1.3050 in extension. Alternative scenario Above 1.3145 look for further upside with 1.3170 & 1.3200 as targets...
Pivot (invalidation): 0.9085 Our preference Short positions below 0.9085 with targets at 0.9030 & 0.9010 in extension. Alternative scenario Above 0.9085 look for further upside with 0.9110 & 0.9125 as targets...
Pivot (invalidation): 105.55 Our preference Short positions below 105.55 with targets at 105.25 & 105.15 in extension. Alternative scenario Above 105.55 look for further upside with 105.65 & 105.75 as targets...
Pivot (invalidation): 1.2935 Our preference Long positions above 1.2935 with targets at 1.3000 & 1.3025 in extension. Alternative scenario Below 1.2935 look for further downside with 1.2910 & 1.2895 as targets...
Pivot (invalidation): 1.1815 Our preference Long positions above 1.1815 with targets at 1.1870 & 1.1890 in extension. Alternative scenario Below 1.1815 look for further downside with 1.1800 & 1.1780 as targets...
In the commodity market, oil prices continue to decline for a fourth straight session on Tuesday morning, as investors are worried that the second wave of the pandemic is hindering the recovery in fuel demand. Still, the two crude brands are trading sideways on larger timeframes...
US equities extended last week losses and fell to the lowest level since October 8, as investors are worried that Republicans and Democrats wouldn’t reach an agreement on the next stimulus package ahead of the deadline set for Tuesday...
Pivot (invalidation): 41.10 Our preference Short positions below 41.10 with targets at 40.55 & 40.25 in extension. Alternative scenario Above 41.10 look for further upside with 41.45 & 41.70 as targets...
Pivot (invalidation): 24.5700 Our preference Short positions below 24.5700 with targets at 24.1900 & 24.0300 in extension. Alternative scenario Above 24.5700 look for further upside with 24.7500 & 24.9700 as targets...