Jiming Huang / Blog
Pivot (invalidation): 1.3200 Our preference Short positions below 1.3200 with targets at 1.3150 & 1.3130 in extension. Alternative scenario Above 1.3200 look for further upside with 1.3215 & 1.3230 as targets...
Pivot (invalidation): 0.9070 Our preference Long positions above 0.9070 with targets at 0.9095 & 0.9110 in extension. Alternative scenario Below 0.9070 look for further downside with 0.9050 & 0.9035 as targets...
Pivot (invalidation): 105.50 Our preference Short positions below 105.50 with targets at 105.10 & 105.00 in extension. Alternative scenario Above 105.50 look for further upside with 105.65 & 105.80 as targets...
Pivot (invalidation): 1.2925 Our preference Short positions below 1.2925 with targets at 1.2870 & 1.2840 in extension. Alternative scenario Above 1.2925 look for further upside with 1.2975 & 1.3030 as targets...
Pivot (invalidation): 1.1855 Our preference Short positions below 1.1855 with targets at 1.1825 & 1.1810 in extension. Alternative scenario Above 1.1855 look for further upside with 1.1870 & 1.1885 as targets...
After two consecutive bearish weeks, US equities started the current week off on the right foot, with all three benchmark indexes adding over 1% on Monday. The stock market was buoyed by vaccine hopes and several ongoing multibillion-dollar deals. The S&P 500 closed 1...
In the commodity market, oil prices continue to move sideways but with a bearish tone. Investors are concerned about a slow recovery in fuel demand amid the coronavirus crisis...
Pivot (invalidation): 37.65 Our preference Short positions below 37.65 with targets at 36.70 & 36.15 in extension. Alternative scenario Above 37.65 look for further upside with 38.10 & 38.45 as targets...
Pivot (invalidation): 27.0500 Our preference Long positions above 27.0500 with targets at 27.6900 & 27.9600 in extension. Alternative scenario Below 27.0500 look for further downside with 26.7800 & 26.5500 as targets...