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In the commodity market, oil prices are recovering after losing over 3% at the start of the week. Still, the selling pressure is high as supplies resume in Norway, Libya, and the US Gulf Coast after Hurricane Delta weakened...
US equities extended gains on Monday, driven by tech stocks and persisting hopes that the Congress would approve a stimulus package. Apple and Amazon were among the best performers. The former surged ahead of the big event due later today when it will present a new series of iPhones...
Pivot (invalidation): 39.85 Our preference Short positions below 39.85 with targets at 39.05 & 38.60 in extension. Alternative scenario Above 39.85 look for further upside with 40.35 & 40.65 as targets...
Pivot (invalidation): 25.0800 Our preference Short positions below 25.0800 with targets at 24.3500 & 24.1100 in extension. Alternative scenario Above 25.0800 look for further upside with 25.3100 & 25.5600 as targets...
Pivot (invalidation): 1925.00 Our preference Short positions below 1925.00 with targets at 1900.00 & 1890.00 in extension. Alternative scenario Above 1925.00 look for further upside with 1933.00 & 1940.00 as targets...
Pivot (invalidation): 3500.00 Our preference Long positions above 3500.00 with targets at 3570.00 & 3610.00 in extension. Alternative scenario Below 3500.00 look for further downside with 3475.00 & 3445.00 as targets...
Pivot (invalidation): 13055.00 Our preference Long positions above 13055.00 with targets at 13180.00 & 13270.00 in extension. Alternative scenario Below 13055.00 look for further downside with 13010.00 & 12930.00 as targets...
Pivot (invalidation): 7.8960 Our preference Short positions below 7.8960 with targets at 7.8480 & 7.8320 in extension. Alternative scenario Above 7.8960 look for further upside with 7.9120 & 7.9350 as targets...
Pivot (invalidation): 0.7200 Our preference Short positions below 0.7200 with targets at 0.7150 & 0.7135 in extension. Alternative scenario Above 0.7200 look for further upside with 0.7220 & 0.7235 as targets...
Pivot (invalidation): 1.3100 Our preference Long positions above 1.3100 with targets at 1.3160 & 1.3180 in extension. Alternative scenario Below 1.3100 look for further downside with 1.3080 & 1.3050 as targets...
Pivot (invalidation): 0.9110 Our preference Short positions below 0.9110 with targets at 0.9080 & 0.9065 in extension. Alternative scenario Above 0.9110 look for further upside with 0.9125 & 0.9145 as targets...
Pivot (invalidation): 105.45 Our preference Short positions below 105.45 with targets at 105.20 & 105.05 in extension. Alternative scenario Above 105.45 look for further upside with 105.60 & 105.80 as targets...
Pivot (invalidation): 1.3075 Our preference Short positions below 1.3075 with targets at 1.3030 & 1.3000 in extension. Alternative scenario Above 1.3075 look for further upside with 1.3095 & 1.3115 as targets. Comment The RSI lacks upward momentum. (By Swissquote TRADING CENTRAL...
Pivot (invalidation): 1.1815 Our preference Short positions below 1.1815 with targets at 1.1785 & 1.1770 in extension. Alternative scenario Above 1.1815 look for further upside with 1.1830 & 1.1850 as targets...
In the commodity market, oil prices continue to retreat from their one-month highs, as US producers are restarting production after Hurricane Delta faded. Elsewhere, the major strike in Norway, which affected production, came to an end. Both WTI and Brent have lost about 1...
After the best weekly performance in more than two months, Wall Street maintains the bullish stance even though the hopes for another stimulus before the election faded on Sunday. At the time of writing, the S&P 500 and Dow Jones futures have gained over 0...
Pivot (invalidation): 40.65 Our preference Short positions below 40.65 with targets at 39.95 & 39.75 in extension. Alternative scenario Above 40.65 look for further upside with 41.00 & 41.40 as targets...
Pivot (invalidation): 24.7700 Our preference Long positions above 24.7700 with targets at 25.6000 & 26.0000 in extension. Alternative scenario Below 24.7700 look for further downside with 24.4500 & 24.1100 as targets...
Pivot (invalidation): 1916.00 Our preference Long positions above 1916.00 with targets at 1942.00 & 1954.00 in extension. Alternative scenario Below 1916.00 look for further downside with 1905.00 & 1896.00 as targets...
