Jiming Huang / Profil

Pivot (invalidation): 1.1730 Our preference Short positions below 1.1730 with targets at 1.1705 & 1.1690 in extension. Alternative scenario Above 1.1730 look for further upside with 1.1745 & 1.1765 as targets...

In the commodity market, oil prices have declined after China’s GDP data failed to match forecasts. Still, the larger timeframes show that gold has been moving sideways since the end of June. Investors are worried about weakening crude demand dragged down by the COVID crisis...

US equities are about to start the week off on the right foot, judging by the short-term trend of index futures. At the time of writing, the futures on all three benchmark indexes are up over 0.60%, with Nasdaq being the best performer so far...

In the commodity market, oil prices have declined on Friday, but continue to trade sideways on weekly and monthly charts. Investor sentiment was damaged by yet another surge in coronavirus infections in Europe and the US, which will affect crude demand...

Wall Street continued the bearish trend for the third consecutive session, though it bounced back from session lows on Thursday. Investor sentiment has been damaged by fears of slow recovery, the stimulus impasse, and the second wave of the COVID pandemic...

Pivot (invalidation): 40.50 Our preference Long positions above 40.50 with targets at 41.05 & 41.30 in extension. Alternative scenario Below 40.50 look for further downside with 40.10 & 39.70 as targets...

Pivot (invalidation): 23.9400 Our preference Long positions above 23.9400 with targets at 24.6300 & 24.8700 in extension. Alternative scenario Below 23.9400 look for further downside with 23.5500 & 23.3200 as targets...

Pivot (invalidation): 1897.00 Our preference Long positions above 1897.00 with targets at 1913.00 & 1925.00 in extension. Alternative scenario Below 1897.00 look for further downside with 1889.00 & 1882.00 as targets...

Pivot (invalidation): 3465.00 Our preference Long positions above 3465.00 with targets at 3500.00 & 3527.00 in extension. Alternative scenario Below 3465.00 look for further downside with 3440.00 & 3420.00 as targets...

Pivot (invalidation): 12600.00 Our preference Long positions above 12600.00 with targets at 12840.00 & 12960.00 in extension. Alternative scenario Below 12600.00 look for further downside with 12470.00 & 12340.00 as targets...

Pivot (invalidation): 7.9190 Our preference Long positions above 7.9190 with targets at 7.9500 & 7.9620 in extension. Alternative scenario Below 7.9190 look for further downside with 7.9070 & 7.8940 as targets...

Pivot (invalidation): 0.7100 Our preference Short positions below 0.7100 with targets at 0.7055 & 0.7030 in extension. Alternative scenario Above 0.7100 look for further upside with 0.7125 & 0.7150 as targets...

Pivot (invalidation): 1.3205 Our preference Long positions above 1.3205 with targets at 1.3260 & 1.3290 in extension. Alternative scenario Below 1.3205 look for further downside with 1.3180 & 1.3160 as targets...

Pivot (invalidation): 0.9130 Our preference Long positions above 0.9130 with targets at 0.9155 & 0.9170 in extension. Alternative scenario Below 0.9130 look for further downside with 0.9120 & 0.9110 as targets...

Pivot (invalidation): 105.50 Our preference Short positions below 105.50 with targets at 105.00 & 104.85 in extension. Alternative scenario Above 105.50 look for further upside with 105.65 & 105.80 as targets...

Pivot (invalidation): 1.2935 Our preference Short positions below 1.2935 with targets at 1.2860 & 1.2840 in extension. Alternative scenario Above 1.2935 look for further upside with 1.2960 & 1.2990 as targets...

Pivot (invalidation): 1.1725 Our preference Short positions below 1.1725 with targets at 1.1690 & 1.1670 in extension. Alternative scenario Above 1.1725 look for further upside with 1.1740 & 1.1755 as targets...

In the commodity market, oil prices have lost about 0.20% on Thursday morning, but they gained over 2% yesterday. Crude prices were boosted after the American Petroleum Institute reported a 5.4 million barrel draw in inventories for last week, while investors expected a draw of 2...

US equities extended losses on Wednesday, as investors got even more hints pointing to no stimulus before the presidential election scheduled for November...

Pivot (invalidation): 40.75 Our preference Long positions above 40.75 with targets at 41.40 & 41.70 in extension. Alternative scenario Below 40.75 look for further downside with 40.35 & 39.85 as targets...