All Blogs

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...

Wall Street is likely to start the week off on the right foot, as futures on the three benchmark indices continue the bullish stance...

Pivot (invalidation): 39.80 Our preference Long positions above 39.80 with targets at 40.35 & 40.60 in extension. Alternative scenario Below 39.80 look for further downside with 39.55 & 39.30 as targets...

Pivot (invalidation): 23.2800 Our preference Short positions below 23.2800 with targets at 22.4000 & 22.0000 in extension. Alternative scenario Above 23.2800 look for further upside with 23.7000 & 24.0000 as targets...

Pivot (invalidation): 1867.00 Our preference Short positions below 1867.00 with targets at 1852.00 & 1848.00 in extension. Alternative scenario Above 1867.00 look for further upside with 1875.00 & 1884.50 as targets...

Pivot (invalidation): 3255.00 Our preference Long positions above 3255.00 with targets at 3325.00 & 3375.00 in extension. Alternative scenario Below 3255.00 look for further downside with 3209.00 & 3175.00 as targets...

Pivot (invalidation): 12340.00 Our preference Long positions above 12340.00 with targets at 12505.00 & 12685.00 in extension. Alternative scenario Below 12340.00 look for further downside with 12255.00 & 12175.00 as targets...

Pivot (invalidation): 7.6400 Our preference Long positions above 7.6400 with targets at 7.7150 & 7.7550 in extension. Alternative scenario Below 7.6400 look for further downside with 7.6100 & 7.5850 as targets...

Pivot (invalidation): 0.7025 Our preference Long positions above 0.7025 with targets at 0.7085 & 0.7110 in extension. Alternative scenario Below 0.7025 look for further downside with 0.7000 & 0.6980 as targets...

Pivot (invalidation): 1.3400 Our preference Short positions below 1.3400 with targets at 1.3370 & 1.3350 in extension. Alternative scenario Above 1.3400 look for further upside with 1.3415 & 1.3430 as targets...

Pivot (invalidation): 0.9265 Our preference Long positions above 0.9265 with targets at 0.9300 & 0.9325 in extension. Alternative scenario Below 0.9265 look for further downside with 0.9245 & 0.9225 as targets...

Pivot (invalidation): 105.70 Our preference Short positions below 105.70 with targets at 105.00 & 104.85 in extension. Alternative scenario Above 105.70 look for further upside with 105.90 & 106.05 as targets...

Pivot (invalidation): 1.2740 Our preference Long positions above 1.2740 with targets at 1.2780 & 1.2805 in extension. Alternative scenario Below 1.2740 look for further downside with 1.2710 & 1.2685 as targets...

Pivot (invalidation): 1.1645 Our preference Short positions below 1.1645 with targets at 1.1610 & 1.1590 in extension. Alternative scenario Above 1.1645 look for further upside with 1.1660 & 1.1685 as targets...

First, a review of last week’s events: - EUR/USD . The overwhelming majority of experts (75%), supported by the oscillators indicating that this pair is overbought, expected its correction to the south. The argument was that the pair ended the week near the strong resistance zone of 1...

In the commodity market, oil prices have recovered some of their recent losses but are set to end the week lower amid worries about weak demand caused by a resurgence of COVID infections. So far, WTI and Brent have gained about 0.10% each to trade above $40 and $42, respectively...

US equities ended higher on Thursday after a rough session. Investors reacted to mixed economic data, with optimism surrounding the surge in new home sales offsetting the disappointment caused by the surprising increase in jobless claims...

Pivot (invalidation): 40.10 Our preference Long positions above 40.10 with targets at 40.75 & 41.20 in extension. Alternative scenario Below 40.10 look for further downside with 39.70 & 39.40 as targets...

Pivot (invalidation): 22.5000 Our preference Long positions above 22.5000 with targets at 23.3500 & 23.9000 in extension. Alternative scenario Below 22.5000 look for further downside with 22.0000 & 21.6500 as targets...

Pivot (invalidation): 1858.00 Our preference Long positions above 1858.00 with targets at 1877.00 & 1884.00 in extension. Alternative scenario Below 1858.00 look for further downside with 1848.00 & 1840.00 as targets...