Jiming Huang / Blog
Pivot (invalidation): 7.5300 Our preference Long positions above 7.5300 with targets at 7.5600 & 7.5750 in extension. Alternative scenario Below 7.5300 look for further downside with 7.5120 & 7.4950 as targets...
Pivot (invalidation): 0.7295 Our preference Long positions above 0.7295 with targets at 0.7340 & 0.7360 in extension. Alternative scenario Below 0.7295 look for further downside with 0.7275 & 0.7250 as targets...
Pivot (invalidation): 1.3185 Our preference Short positions below 1.3185 with targets at 1.3135 & 1.3115 in extension. Alternative scenario Above 1.3185 look for further upside with 1.3220 & 1.3245 as targets...
Pivot (invalidation): 0.9105 Our preference Short positions below 0.9105 with targets at 0.9065 & 0.9050 in extension. Alternative scenario Above 0.9105 look for further upside with 0.9120 & 0.9140 as targets...
Pivot (invalidation): 1.2995 Our preference Short positions below 1.2995 with targets at 1.2920 & 1.2890 in extension. Alternative scenario Above 1.2995 look for further upside with 1.3035 & 1.3065 as targets...
Pivot (invalidation): 104.60 Our preference Long positions above 104.60 with targets at 105.00 & 105.15 in extension. Alternative scenario Below 104.60 look for further downside with 104.45 & 104.30 as targets...
Pivot (invalidation): 1.1820 Our preference Long positions above 1.1820 with targets at 1.1875 & 1.1900 in extension. Alternative scenario Below 1.1820 look for further downside with 1.1790 & 1.1770 as targets...
In the commodity market, oil prices have retreated from their weekly peaks, as investors are concerned about the oversupply amid weak demand during the pandemic, even as Hurricane Sally disrupted production in the US Gulf Coast...
US stock indices took different routes on Wednesday but bears dominated the market at the end of the session. The S&P 500 ended lower despite the fact that the Fed hinted it would maintain interest rates close to zero for a long period. The benchmark index was dragged down by tech stocks...