Jiming Huang / Blog
Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3160 & 1.3180 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3095 & 1.3080 as targets...
Pivot (invalidation): 0.9125 Our preference Long positions above 0.9125 with targets at 0.9165 & 0.9180 in extension. Alternative scenario Below 0.9125 look for further downside with 0.9110 & 0.9090 as targets...
Pivot (invalidation): 105.60 Our preference Short positions below 105.60 with targets at 105.20 & 105.05 in extension. Alternative scenario Above 105.60 look for further upside with 105.80 & 105.95 as targets...
Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2920 & 1.2890 in extension. Alternative scenario Above 1.2965 look for further upside with 1.2995 & 1.3020 as targets...
Pivot (invalidation): 1.1760 Our preference Short positions below 1.1760 with targets at 1.1730 & 1.1715 in extension. Alternative scenario Above 1.1760 look for further upside with 1.1780 & 1.1800 as targets...
In the commodity market, oil prices are recovering after losing over 3% at the start of the week. Still, the selling pressure is high as supplies resume in Norway, Libya, and the US Gulf Coast after Hurricane Delta weakened...
US equities extended gains on Monday, driven by tech stocks and persisting hopes that the Congress would approve a stimulus package. Apple and Amazon were among the best performers. The former surged ahead of the big event due later today when it will present a new series of iPhones...
Pivot (invalidation): 39.85 Our preference Short positions below 39.85 with targets at 39.05 & 38.60 in extension. Alternative scenario Above 39.85 look for further upside with 40.35 & 40.65 as targets...
Pivot (invalidation): 25.0800 Our preference Short positions below 25.0800 with targets at 24.3500 & 24.1100 in extension. Alternative scenario Above 25.0800 look for further upside with 25.3100 & 25.5600 as targets...