Jiming Huang / Blog
Pivot (invalidation): 7.6470 Our preference Short positions below 7.6470 with targets at 7.6040 & 7.5780 in extension. Alternative scenario Above 7.6470 look for further upside with 7.6710 & 7.6980 as targets...
Pivot (invalidation): 0.7040 Our preference Long positions above 0.7040 with targets at 0.7075 & 0.7110 in extension. Alternative scenario Below 0.7040 look for further downside with 0.7015 & 0.6990 as targets...
Pivot (invalidation): 1.3375 Our preference Short positions below 1.3375 with targets at 1.3320 & 1.3290 in extension. Alternative scenario Above 1.3375 look for further upside with 1.3415 & 1.3450 as targets...
Pivot (invalidation): 0.9245 Our preference Long positions above 0.9245 with targets at 0.9280 & 0.9300 in extension. Alternative scenario Below 0.9245 look for further downside with 0.9225 & 0.9210 as targets...
Pivot (invalidation): 105.30 Our preference Long positions above 105.30 with targets at 105.55 & 105.70 in extension. Alternative scenario Below 105.30 look for further downside with 105.15 & 105.00 as targets...
Pivot (invalidation): 1.2775 Our preference Short positions below 1.2775 with targets at 1.2730 & 1.2705 in extension. Alternative scenario Above 1.2775 look for further upside with 1.2800 & 1.2825 as targets...
Pivot (invalidation): 1.1685 Our preference Short positions below 1.1685 with targets at 1.1650 & 1.1625 in extension. Alternative scenario Above 1.1685 look for further upside with 1.1700 & 1.1720 as targets...
In the commodity market, oil prices are declining on Thursday, following the flash reading on US business activity that suggests a slowing recovery. Investors fear that the cold season will come with another wave of the pandemic, which will hurt oil demand...
After a surprisingly bullish session on Tuesday, Wall Street couldn’t keep the pace and slumped to the lowest level since the end of July. Tech stocks were among the worst performers after leading the Tuesday rally...