Jiming Huang / Profile

Pivot (invalidation): 1.3370 Our preference Long positions above 1.3370 with targets at 1.3420 & 1.3445 in extension. Alternative scenario Below 1.3370 look for further downside with 1.3350 & 1.3335 as targets...

Pivot (invalidation): 0.9185 Our preference Long positions above 0.9185 with targets at 0.9230 & 0.9250 in extension. Alternative scenario Below 0.9185 look for further downside with 0.9170 & 0.9155 as targets...

Pivot (invalidation): 105.80 Our preference Short positions below 105.80 with targets at 105.50 & 105.30 in extension. Alternative scenario Above 105.80 look for further upside with 106.00 & 106.20 as targets...

Pivot (invalidation): 1.2875 Our preference Short positions below 1.2875 with targets at 1.2825 & 1.2800 in extension. Alternative scenario Above 1.2875 look for further upside with 1.2900 & 1.2930 as targets...

Pivot (invalidation): 1.1755 Our preference Short positions below 1.1755 with targets at 1.1710 & 1.1685 in extension. Alternative scenario Above 1.1755 look for further upside with 1.1775 & 1.1795 as targets...

In the commodity market, oil prices have declined after gaining on Monday. On larger timeframes, crude prices are moving sideways. Currently, the worries related to demand outweigh hopes for a fresh stimulus...

US equities extended the bullish stance on Monday, though this is still not enough to cover September losses. Besides tech, the best performers were the sectors tied to the economy, such as financials, energy, and industrials...

Pivot (invalidation): 40.60 Our preference Short positions below 40.60 with targets at 39.95 & 39.70 in extension. Alternative scenario Above 40.60 look for further upside with 40.80 & 41.15 as targets...

Pivot (invalidation): 23.2600 Our preference Long positions above 23.2600 with targets at 23.8300 & 24.2000 in extension. Alternative scenario Below 23.2600 look for further downside with 22.9900 & 22.6000 as targets...

Pivot (invalidation): 1872.00 Our preference Long positions above 1872.00 with targets at 1895.00 & 1906.00 in extension. Alternative scenario Below 1872.00 look for further downside with 1861.00 & 1848.00 as targets...

Pivot (invalidation): 3305.00 Our preference Long positions above 3305.00 with targets at 3375.00 & 3428.00 in extension. Alternative scenario Below 3305.00 look for further downside with 3255.00 & 3209.00 as targets...

Pivot (invalidation): 13000.00 Our preference Short positions below 13000.00 with targets at 12670.00 & 12600.00 in extension. Alternative scenario Above 13000.00 look for further upside with 13110.00 & 13260.00 as targets...

Pivot (invalidation): 7.7550 Our preference Long positions above 7.7550 with targets at 7.8650 & 7.9000 in extension. Alternative scenario Below 7.7550 look for further downside with 7.7120 & 7.6510 as targets...

Pivot (invalidation): 0.7065 Our preference Long positions above 0.7065 with targets at 0.7095 & 0.7110 in extension. Alternative scenario Below 0.7065 look for further downside with 0.7045 & 0.7025 as targets...

Pivot (invalidation): 1.3390 Our preference Short positions below 1.3390 with targets at 1.3355 & 1.3335 in extension. Alternative scenario Above 1.3390 look for further upside with 1.3405 & 1.3420 as targets...

Pivot (invalidation): 0.9260 Our preference Short positions below 0.9260 with targets at 0.9230 & 0.9210 in extension. Alternative scenario Above 0.9260 look for further upside with 0.9280 & 0.9295 as targets...

Pivot (invalidation): 105.60 Our preference Short positions below 105.60 with targets at 105.30 & 105.20 in extension. Alternative scenario Above 105.60 look for further upside with 105.70 & 105.80 as targets...

Pivot (invalidation): 1.2880 Our preference Short positions below 1.2880 with targets at 1.2820 & 1.2800 in extension. Alternative scenario Above 1.2880 look for further upside with 1.2910 & 1.2930 as targets...

Pivot (invalidation): 1.1655 Our preference Long positions above 1.1655 with targets at 1.1685 & 1.1700 in extension. Alternative scenario Below 1.1655 look for further downside with 1.1640 & 1.1620 as targets...

In the commodity market, oil prices gave up their recovery attempts and continue to decline. Both WTI and Brent are set to post the first monthly decline since April-May. Investors are worried that the rapid increase in coronavirus infections will hurt recovery in demand...