Jiming Huang / Blog
Pivot (invalidation): 7.9120 Our preference Long positions above 7.9120 with targets at 7.9500 & 7.9810 in extension. Alternative scenario Below 7.9120 look for further downside with 7.8900 & 7.8550 as targets...
Pivot (invalidation): 0.7155 Our preference Long positions above 0.7155 with targets at 0.7195 & 0.7210 in extension. Alternative scenario Below 0.7155 look for further downside with 0.7140 & 0.7120 as targets...
Pivot (invalidation): 1.3220 Our preference Short positions below 1.3220 with targets at 1.3170 & 1.3140 in extension. Alternative scenario Above 1.3220 look for further upside with 1.3250 & 1.3275 as targets...
Pivot (invalidation): 0.9180 Our preference Short positions below 0.9180 with targets at 0.9135 & 0.9120 in extension. Alternative scenario Above 0.9180 look for further upside with 0.9200 & 0.9215 as targets...
Pivot (invalidation): 106.05 Our preference Short positions below 106.05 with targets at 105.70 & 105.55 in extension. Alternative scenario Above 106.05 look for further upside with 106.20 & 106.30 as targets...
Pivot (invalidation): 1.2925 Our preference Long positions above 1.2925 with targets at 1.2970 & 1.2990 in extension. Alternative scenario Below 1.2925 look for further downside with 1.2905 & 1.2890 as targets...
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1795 & 1.1805 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1735 & 1.1720 as targets...
In the commodity market, oil prices are recovering after yesterday losses, as Hurricane Delta is forcing oil rigs to halt operations in the Gulf of Mexico. Hopes for at least a partial stimulus in the US are also supporting crude prices...
Wall Street bounced back on Wednesday amid renewed optimism over further stimulus. After President Donald Trump surprisingly cancelled negotiations with Democrats on their $2...