Jiming Huang / Blog
Pivot (invalidation): 1.3370 Our preference Long positions above 1.3370 with targets at 1.3420 & 1.3445 in extension. Alternative scenario Below 1.3370 look for further downside with 1.3350 & 1.3335 as targets...
Pivot (invalidation): 0.9185 Our preference Long positions above 0.9185 with targets at 0.9230 & 0.9250 in extension. Alternative scenario Below 0.9185 look for further downside with 0.9170 & 0.9155 as targets...
Pivot (invalidation): 105.80 Our preference Short positions below 105.80 with targets at 105.50 & 105.30 in extension. Alternative scenario Above 105.80 look for further upside with 106.00 & 106.20 as targets...
Pivot (invalidation): 1.2875 Our preference Short positions below 1.2875 with targets at 1.2825 & 1.2800 in extension. Alternative scenario Above 1.2875 look for further upside with 1.2900 & 1.2930 as targets...
Pivot (invalidation): 1.1755 Our preference Short positions below 1.1755 with targets at 1.1710 & 1.1685 in extension. Alternative scenario Above 1.1755 look for further upside with 1.1775 & 1.1795 as targets...
In the commodity market, oil prices have declined after gaining on Monday. On larger timeframes, crude prices are moving sideways. Currently, the worries related to demand outweigh hopes for a fresh stimulus...
US equities extended the bullish stance on Monday, though this is still not enough to cover September losses. Besides tech, the best performers were the sectors tied to the economy, such as financials, energy, and industrials...
Pivot (invalidation): 40.60 Our preference Short positions below 40.60 with targets at 39.95 & 39.70 in extension. Alternative scenario Above 40.60 look for further upside with 40.80 & 41.15 as targets...
Pivot (invalidation): 23.2600 Our preference Long positions above 23.2600 with targets at 23.8300 & 24.2000 in extension. Alternative scenario Below 23.2600 look for further downside with 22.9900 & 22.6000 as targets...