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n the commodity market, oil prices continue the bullish stance amid vaccine hopes and expectations that OPEC+ will maintain the production cuts after January. Both Brent and WTI increased by more than half of a percent, trading at $41.57 and $44.11, respectively...
Wall Street extended gains on Monday, driven by reinforced vaccine optimism. After Pfizer caused the stock market to switch to value stocks and return close to its record high, now it’s time for biotech firm Moderna to give its contribution...
Pivot (invalidation): 41.00 Our preference Long positions above 41.00 with targets at 42.20 & 42.65 in extension. Alternative scenario Below 41.00 look for further downside with 40.50 & 40.05 as targets...
Pivot (invalidation): 24.4900 Our preference Long positions above 24.4900 with targets at 24.8500 & 25.0700 in extension. Alternative scenario Below 24.4900 look for further downside with 24.2000 & 24.0200 as targets...
Pivot (invalidation): 1879.00 Our preference Long positions above 1879.00 with targets at 1899.00 & 1909.00 in extension. Alternative scenario Below 1879.00 look for further downside with 1871.00 & 1864.00 as targets...
Pivot (invalidation): 3579.00 Our preference Long positions above 3579.00 with targets at 3645.00 & 3690.00 in extension. Alternative scenario Below 3579.00 look for further downside with 3552.00 & 3518.00 as targets...
Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13297.00 & 13460.00 in extension. Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets...
Pivot (invalidation): 7.7400 Our preference Short positions below 7.7400 with targets at 7.6680 & 7.6100 in extension. Alternative scenario Above 7.7400 look for further upside with 7.7790 & 7.8160 as targets...
Pivot (invalidation): 0.7300 Our preference Long positions above 0.7300 with targets at 0.7335 & 0.7350 in extension. Alternative scenario Below 0.7300 look for further downside with 0.7280 & 0.7260 as targets...
Pivot (invalidation): 1.3100 Our preference Short positions below 1.3100 with targets at 1.3055 & 1.3030 in extension. Alternative scenario Above 1.3100 look for further upside with 1.3125 & 1.3150 as targets...
Pivot (invalidation): 0.9135 Our preference Short positions below 0.9135 with targets at 0.9110 & 0.9090 in extension. Alternative scenario Above 0.9135 look for further upside with 0.9150 & 0.9170 as targets...
Pivot (invalidation): 104.70 Our preference Short positions below 104.70 with targets at 104.35 & 104.15 in extension. Alternative scenario Above 104.70 look for further upside with 104.90 & 105.15 as targets...
Pivot (invalidation): 1.3185 Our preference Long positions above 1.3185 with targets at 1.3245 & 1.3270 in extension. Alternative scenario Below 1.3185 look for further downside with 1.3165 & 1.3150 as targets...
Pivot (invalidation): 1.1835 Our preference Long positions above 1.1835 with targets at 1.1880 & 1.1900 in extension. Alternative scenario Below 1.1835 look for further downside with 1.1815 & 1.1795 as targets...
In the commodity market, oil prices are bullish at the start of the week, recovering some of the previous losses. Crude prices are increasing on hopes that OPEC+ would maintain current production cuts...
Futures on Wall Street’s three main indexes continue to ascend after equities gained over 1% on Friday. The stock market showed a mixed performance last week, as focus oscillated between the vaccine news and the surging number of COVID infections...
Pivot (invalidation): 40.10 Our preference Long positions above 40.10 with targets at 41.05 & 41.55 in extension. Alternative scenario Below 40.10 look for further downside with 39.40 & 38.90 as targets...
Pivot (invalidation): 24.5800 Our preference Long positions above 24.5800 with targets at 25.1700 & 25.4900 in extension. Alternative scenario Below 24.5800 look for further downside with 24.4100 & 24.2000 as targets...
Pivot (invalidation): 1880.00 Our preference Long positions above 1880.00 with targets at 1912.00 & 1921.00 in extension. Alternative scenario Below 1880.00 look for further downside with 1873.00 & 1867.00 as targets...
