Jiming Huang / Blog
Pivot (invalidation): 1.3290 Our preference Long positions above 1.3290 with targets at 1.3340 & 1.3370 in extension. Alternative scenario Below 1.3290 look for further downside with 1.3270 & 1.3245 as targets...
Pivot (invalidation): 0.9180 Our preference Long positions above 0.9180 with targets at 0.9230 & 0.9250 in extension. Alternative scenario Below 0.9180 look for further downside with 0.9155 & 0.9135 as targets...
Pivot (invalidation): 104.80 Our preference Long positions above 104.80 with targets at 105.40 & 105.60 in extension. Alternative scenario Below 104.80 look for further downside with 104.60 & 104.40 as targets...
Pivot (invalidation): 1.2765 Our preference Short positions below 1.2765 with targets at 1.2675 & 1.2645 in extension. Alternative scenario Above 1.2765 look for further upside with 1.2800 & 1.2825 as targets...
Pivot (invalidation): 1.1720 Our preference Short positions below 1.1720 with targets at 1.1660 & 1.1620 in extension. Alternative scenario Above 1.1720 look for further upside with 1.1750 & 1.1775 as targets...
In the commodity market, oil prices have edged up slightly, recovering the losses incurred yesterday, as the third storm in about a month is losing strength in the US Gulf Coast. Still, concerns over slow oil demand recovery persist and become even more relevant amid potential fresh lockdowns...
US equities carried their gloomy mood from previous weeks on Monday, as investors were worried about the new lockdowns in Europe...
Pivot (invalidation): 40.15 Our preference Short positions below 40.15 with targets at 39.30 & 38.85 in extension. Alternative scenario Above 40.15 look for further upside with 40.55 & 40.90 as targets...
Pivot (invalidation): 25.2500 Our preference Short positions below 25.2500 with targets at 24.1000 & 23.6500 in extension. Alternative scenario Above 25.2500 look for further upside with 25.7000 & 26.1000 as targets...