Jiming Huang / Profile

Pivot (invalidation): 1.1685 Our preference Short positions below 1.1685 with targets at 1.1645 & 1.1620 in extension. Alternative scenario Above 1.1685 look for further upside with 1.1720 & 1.1750 as targets...

In the commodity market, all prices are flashing red. Oil prices are declining, as the American Petroleum Institute (API) reported that gasoline stocks in the US dropped by about 7.7 million barrels, which is eight times lower than the expected figure...

Wall Street bounced back on Tuesday, after four consecutive bearish sessions. The bulls pushed equities higher despite the delay in new stimulus to be adopted by Congress and a rapid increase in the number of COVID cases. The rebound was driven by tech stocks, with Amazon surging over 5...

Pivot (invalidation): 40.00 Our preference Short positions below 40.00 with targets at 38.85 & 38.50 in extension. Alternative scenario Above 40.00 look for further upside with 40.25 & 40.55 as targets...

Pivot (invalidation): 24.5000 Our preference Short positions below 24.5000 with targets at 23.6500 & 23.2500 in extension. Alternative scenario Above 24.5000 look for further upside with 24.7500 & 25.0000 as targets...

Pivot (invalidation): 1910.00 Our preference Short positions below 1910.00 with targets at 1882.00 & 1872.00 in extension. Alternative scenario Above 1910.00 look for further upside with 1920.00 & 1927.00 as targets...

Pivot (invalidation): 3270.00 Our preference Long positions above 3270.00 with targets at 3328.00 & 3375.00 in extension. Alternative scenario Below 3270.00 look for further downside with 3228.00 & 3175.00 as targets...

Pivot (invalidation): 12415.00 Our preference Long positions above 12415.00 with targets at 12730.00 & 12850.00 in extension. Alternative scenario Below 12415.00 look for further downside with 12300.00 & 12210.00 as targets...

Pivot (invalidation): 7.6390 Our preference Long positions above 7.6390 with targets at 7.6800 & 7.6990 in extension. Alternative scenario Below 7.6390 look for further downside with 7.6140 & 7.5900 as targets...

Pivot (invalidation): 0.7175 Our preference Short positions below 0.7175 with targets at 0.7110 & 0.7080 in extension. Alternative scenario Above 0.7175 look for further upside with 0.7210 & 0.7235 as targets...

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...

Pivot (invalidation): 1927.00 Our preference Short positions below 1927.00 with targets at 1896.00 & 1882.00 in extension. Alternative scenario Above 1927.00 look for further upside with 1934.00 & 1943.00 as targets...