Jiming Huang / Blog
E Pivot (invalidation): 1.1795 Our preference Short positions below 1.1795 with targets at 1.1730 & 1.1705 in extension. Alternative scenario Above 1.1795 look for further upside with 1.1820 & 1.1840 as targets...
In the commodity market, oil suddenly updated the weekly peak after several sluggish sessions in a row. Both WTI and Brent have gained over 1.3%. The crude prices rose as Hurricane Sally reached the US Gulf Coast, causing the shutdown of over 25% of American offshore oil and gas production...
US equities continued the bullish week as investors are confident that the Fed would keep its accommodative stance on Wednesday. Tech stocks led the uptrend, with Nasdaq gaining 1.21%. Elsewhere, the S&P 500 rose 0.52%, while Dow Jones edged up only 0.01...
Pivot (invalidation): 38.35 Our preference Long positions above 38.35 with targets at 39.00 & 39.40 in extension. Alternative scenario Below 38.35 look for further downside with 38.00 & 37.70 as targets...
Pivot (invalidation): 27.3200 Our preference Short positions below 27.3200 with targets at 27.0000 & 26.7300 in extension. Alternative scenario Above 27.3200 look for further upside with 27.6200 & 27.9200 as targets...
Pivot (invalidation): 1961.00 Our preference Short positions below 1961.00 with targets at 1948.00 & 1937.00 in extension. Alternative scenario Above 1961.00 look for further upside with 1972.00 & 1983.00 as targets...
Pivot (invalidation): 3362.00 Our preference Long positions above 3362.00 with targets at 3452.00 & 3500.00 in extension. Alternative scenario Below 3362.00 look for further downside with 3310.00 & 3259.00 as targets...
Pivot (invalidation): 13050.00 Our preference Long positions above 13050.00 with targets at 13339.00 & 13460.00 in extension. Alternative scenario Below 13050.00 look for further downside with 12930.00 & 12754.00 as targets...
Pivot (invalidation): 7.5000 Our preference Short positions below 7.5000 with targets at 7.4730 & 7.4560 in extension. Alternative scenario Above 7.5000 look for further upside with 7.5100 & 7.5210 as targets...