Jiming Huang / Blog
Pivot (invalidation): 1.1715 Our preference Long positions above 1.1715 with targets at 1.1755 & 1.1775 in extension. Alternative scenario Below 1.1715 look for further downside with 1.1685 & 1.1665 as targets...
In the commodity market, oil prices extended losses amid worries about the accelerated increase in COVID infections, which lead to more severe restrictions. Both WTI and Brent have lost about 1% to trade at $38.91 and $41.11, respectively...
US equities halted the three-day rally on Tuesday, as investors took profits ahead of the US presidential debate. Financials, energy, and industrials, which have been among the best-performing sectors on Monday, found strong resistance and fell...
Pivot (invalidation): 39.45 Our preference Short positions below 39.45 with targets at 38.40 & 38.00 in extension. Alternative scenario Above 39.45 look for further upside with 39.80 & 40.25 as targets...
Pivot (invalidation): 24.1500 Our preference Short positions below 24.1500 with targets at 23.6500 & 23.3500 in extension. Alternative scenario Above 24.1500 look for further upside with 24.4000 & 24.6800 as targets...
Pivot (invalidation): 1899.00 Our preference Short positions below 1899.00 with targets at 1884.00 & 1877.00 in extension. Alternative scenario Above 1899.00 look for further upside with 1906.00 & 1916.00 as targets...
Pivot (invalidation): 3375.00 Our preference Short positions below 3375.00 with targets at 3305.00 & 3255.00 in extension. Alternative scenario Above 3375.00 look for further upside with 3428.00 & 3475.00 as targets...
Pivot (invalidation): 13000.00 Our preference Short positions below 13000.00 with targets at 12670.00 & 12600.00 in extension. Alternative scenario Above 13000.00 look for further upside with 13110.00 & 13260.00 as targets...
Pivot (invalidation): 7.8570 Our preference Short positions below 7.8570 with targets at 7.7920 & 7.7550 in extension. Alternative scenario Above 7.8570 look for further upside with 7.9000 & 7.9380 as targets...