Jiming Huang / Blog
Pivot (invalidation): 105.70 Our preference Short positions below 105.70 with targets at 105.00 & 104.85 in extension. Alternative scenario Above 105.70 look for further upside with 105.90 & 106.05 as targets...
Pivot (invalidation): 1.2740 Our preference Long positions above 1.2740 with targets at 1.2780 & 1.2805 in extension. Alternative scenario Below 1.2740 look for further downside with 1.2710 & 1.2685 as targets...
Pivot (invalidation): 1.1645 Our preference Short positions below 1.1645 with targets at 1.1610 & 1.1590 in extension. Alternative scenario Above 1.1645 look for further upside with 1.1660 & 1.1685 as targets...
In the commodity market, oil prices have recovered some of their recent losses but are set to end the week lower amid worries about weak demand caused by a resurgence of COVID infections. So far, WTI and Brent have gained about 0.10% each to trade above $40 and $42, respectively...
US equities ended higher on Thursday after a rough session. Investors reacted to mixed economic data, with optimism surrounding the surge in new home sales offsetting the disappointment caused by the surprising increase in jobless claims...
Pivot (invalidation): 40.10 Our preference Long positions above 40.10 with targets at 40.75 & 41.20 in extension. Alternative scenario Below 40.10 look for further downside with 39.70 & 39.40 as targets...
Pivot (invalidation): 22.5000 Our preference Long positions above 22.5000 with targets at 23.3500 & 23.9000 in extension. Alternative scenario Below 22.5000 look for further downside with 22.0000 & 21.6500 as targets...
Pivot (invalidation): 1858.00 Our preference Long positions above 1858.00 with targets at 1877.00 & 1884.00 in extension. Alternative scenario Below 1858.00 look for further downside with 1848.00 & 1840.00 as targets...
Pivot (invalidation): 3209.00 Our preference Long positions above 3209.00 with targets at 3278.00 & 3325.00 in extension. Alternative scenario Below 3209.00 look for further downside with 3175.00 & 3135.00 as targets...