Jiming Huang / Profil

Pivot (invalidation): 0.9140 Our preference Short positions below 0.9140 with targets at 0.9110 & 0.9090 in extension. Alternative scenario Above 0.9140 look for further upside with 0.9155 & 0.9170 as targets...

Pivot (invalidation): 104.80 Our preference Short positions below 104.80 with targets at 104.40 & 104.20 in extension. Alternative scenario Above 104.80 look for further upside with 105.10 & 105.35 as targets...

Pivot (invalidation): 1.3195 Our preference Long positions above 1.3195 with targets at 1.3245 & 1.3275 in extension. Alternative scenario Below 1.3195 look for further downside with 1.3170 & 1.3150 as targets...

Pivot (invalidation): 1.1830 Our preference Long positions above 1.1830 with targets at 1.1860 & 1.1880 in extension. Alternative scenario Below 1.1830 look for further downside with 1.1810 & 1.1785 as targets...

At the time of writing, China’s Shanghai Composite is down 1.32%, and the Shenzhen Component has lost 0.88...

In the commodity market, oil prices are declining but are set to end the week higher. WTI slumped by almost 1.5% to $40.53, and Brent fell 1.10% to $43. Crude prices are under pressure amid fears of a slow economic recovery and weakening demand caused by the resurgence of the pandemic...

US equities tumbled on Thursday as investors focused on the accelerating number of COVID infections after an oversaturated optimism surrounding the coronavirus vaccine candidate produced by Pfizer and BieNTech...

Pivot (invalidation): 41.30 Our preference Short positions below 41.30 with targets at 39.40 & 38.90 in extension. Alternative scenario Above 41.30 look for further upside with 42.20 & 43.05 as targets...

Pivot (invalidation): 24.0200 Our preference Long positions above 24.0200 with targets at 24.4900 & 24.6900 in extension. Alternative scenario Below 24.0200 look for further downside with 23.7500 & 23.5500 as targets...

Pivot (invalidation): 1862.00 Our preference Long positions above 1862.00 with targets at 1890.00 & 1900.00 in extension. Alternative scenario Below 1862.00 look for further downside with 1850.00 & 1839.00 as targets...

Pivot (invalidation): 3582.00 Our preference Short positions below 3582.00 with targets at 3485.00 & 3440.00 in extension. Alternative scenario Above 3582.00 look for further upside with 3645.00 & 3690.00 as targets...

Pivot (invalidation): 13210.00 Our preference Short positions below 13210.00 with targets at 13000.00 & 12810.00 in extension. Alternative scenario Above 13210.00 look for further upside with 13330.00 & 13460.00 as targets...

Pivot (invalidation): 7.6530 Our preference Long positions above 7.6530 with targets at 7.8250 & 7.8940 in extension. Alternative scenario Below 7.6530 look for further downside with 7.5930 & 7.5110 as targets...

Pivot (invalidation): 0.7255 Our preference Short positions below 0.7255 with targets at 0.7200 & 0.7170 in extension. Alternative scenario Above 0.7255 look for further upside with 0.7280 & 0.7295 as targets...

Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3200 & 1.3220 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3100 & 1.3080 as targets...

Pivot (invalidation): 0.9170 Our preference Short positions below 0.9170 with targets at 0.9125 & 0.9110 in extension. Alternative scenario Above 0.9170 look for further upside with 0.9190 & 0.9205 as targets...

Pivot (invalidation): 105.20 Our preference Short positions below 105.20 with targets at 104.65 & 104.40 in extension. Alternative scenario Above 105.20 look for further upside with 105.40 & 105.65 as targets...

Pivot (invalidation): 1.3150 Our preference Short positions below 1.3150 with targets at 1.3090 & 1.3065 in extension. Alternative scenario Above 1.3150 look for further upside with 1.3190 & 1.3225 as targets...

Pivot (invalidation): 1.1785 Our preference Long positions above 1.1785 with targets at 1.1825 & 1.1840 in extension. Alternative scenario Below 1.1785 look for further downside with 1.1760 & 1.1745 as targets...

In the commodity market, oil prices are also surging following Biden’s victory, after tumbling about 4% on Friday. Both WTI and Brent are up about 2.8%, trading at over $38 and $40.50, respectively. Crude prices are also benefiting from a weakening dollar...