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US shares closed higher on Thursday on hopes that the next stimulus package would be voted soon and would support the economy hit by the pandemic...
Pivot (invalidation): 40.45 Our preference Long positions above 40.45 with targets at 41.00 & 41.20 in extension. Alternative scenario Below 40.45 look for further downside with 40.00 & 39.70 as targets...
Pivot (invalidation): 24.8100 Our preference Short positions below 24.8100 with targets at 24.3500 & 24.1900 in extension. Alternative scenario Above 24.8100 look for further upside with 24.9700 & 25.0800 as targets...
Pivot (invalidation): 1910.00 Our preference Short positions below 1910.00 with targets at 1899.00 & 1894.00 in extension. Alternative scenario Above 1910.00 look for further upside with 1914.00 & 1920.00 as targets...
Pivot (invalidation): 3415.00 Our preference Long positions above 3415.00 with targets at 3480.00 & 3515.00 in extension. Alternative scenario Below 3415.00 look for further downside with 3370.00 & 3325.00 as targets...
Pivot (invalidation): 12610.00 Our preference Short positions below 12610.00 with targets at 12341.00 & 12254.00 in extension. Alternative scenario Above 12610.00 look for further upside with 12730.00 & 12860.00 as targets...
Pivot (invalidation): 7.9090 Our preference Long positions above 7.9090 with targets at 7.9690 & 8.0000 in extension. Alternative scenario Below 7.9090 look for further downside with 7.8820 & 7.8500 as targets...
Pivot (invalidation): 0.7105 Our preference Long positions above 0.7105 with targets at 0.7140 & 0.7155 in extension. Alternative scenario Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets...
Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3155 & 1.3175 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3100 & 1.3080 as targets...
Pivot (invalidation): 0.9060 Our preference Long positions above 0.9060 with targets at 0.9080 & 0.9095 in extension. Alternative scenario Below 0.9060 look for further downside with 0.9045 & 0.9030 as targets...
Pivot (invalidation): 104.65 Our preference Long positions above 104.65 with targets at 104.95 & 105.15 in extension. Alternative scenario Below 104.65 look for further downside with 104.45 & 104.30 as targets...
Pivot (invalidation): 1.3100 Our preference Short positions below 1.3100 with targets at 1.3040 & 1.3010 in extension. Alternative scenario Above 1.3100 look for further upside with 1.3125 & 1.3150 as targets...
Pivot (invalidation): 1.1830 Our preference Short positions below 1.1830 with targets at 1.1785 & 1.1760 in extension. Alternative scenario Above 1.1830 look for further upside with 1.1850 & 1.1865 as targets...
In the commodity market, oil prices continued the bearish trend after the Energy Information Administration (EIA) reported a 1.001 million barrel draw last week, which is smaller than analysts’ expectations of a 1.021 million-barrel draw...
Wall Street gave up Tuesday gains and ended lower after a wobbling session on Wednesday. The markets were under pressure as investors continued to watch the tough negotiations between Republicans and Democrats to deploy another package of coronavirus relief...
Pivot (invalidation): 40.15 Our preference Short positions below 40.15 with targets at 39.55 & 39.35 in extension. Alternative scenario Above 40.15 look for further upside with 40.45 & 40.80 as targets...
Pivot (invalidation): 25.0700 Our preference Short positions below 25.0700 with targets at 24.5600 & 24.3300 in extension. Alternative scenario Above 25.0700 look for further upside with 25.2800 & 25.4500 as targets...
Pivot (invalidation): 1926.00 Our preference Short positions below 1926.00 with targets at 1904.00 & 1897.00 in extension. Alternative scenario Above 1926.00 look for further upside with 1931.00 & 1939.00 as targets...
Pivot (invalidation): 3480.00 Our preference Short positions below 3480.00 with targets at 3420.00 & 3370.00 in extension. Alternative scenario Above 3480.00 look for further upside with 3515.00 & 3550.00 as targets...
