Jiming Huang / Profil

Pivot (invalidation): 104.80 Our preference Long positions above 104.80 with targets at 105.20 & 105.40 in extension. Alternative scenario Below 104.80 look for further downside with 104.60 & 104.40 as targets...

Pivot (invalidation): 1.2950 Our preference Short positions below 1.2950 with targets at 1.2875 & 1.2840 in extension. Alternative scenario Above 1.2950 look for further upside with 1.2975 & 1.3005 as targets...

Pivot (invalidation): 1.1795 Our preference Short positions below 1.1795 with targets at 1.1730 & 1.1705 in extension. Alternative scenario Above 1.1795 look for further upside with 1.1820 & 1.1840 as targets...

In the commodity market, oil prices continue the rebound for the fourth session in a row, getting closer to update the September peak. Both Brent and WTI have gained around 0.65% as a new storm is now building close to the US Gulf Coast. Thus, the two crude brands have gained about 10% this week...

US equities declined on Thursday and thus ended up to last Friday levels, losing recent gains. The tech sector was a drag again, as it slumped for a second straight session. Meanwhile, the US reported that weekly jobless claims dropped less than expected while the housing market is slowing down...

Pivot (invalidation): 40.30 Our preference Long positions above 40.30 with targets at 41.75 & 42.25 in extension. Alternative scenario Below 40.30 look for further downside with 39.75 & 39.40 as targets...

Pivot (invalidation): 26.7700 Our preference Long positions above 26.7700 with targets at 27.2000 & 27.4300 in extension. Alternative scenario Below 26.7700 look for further downside with 26.5400 & 26.2600 as targets...

Pivot (invalidation): 1941.00 Our preference Long positions above 1941.00 with targets at 1964.00 & 1974.00 in extension. Alternative scenario Below 1941.00 look for further downside with 1932.00 & 1921.00 as targets...

Pivot (invalidation): 3375.00 Our preference Short positions below 3375.00 with targets at 3310.00 & 3270.00 in extension. Alternative scenario Above 3375.00 look for further upside with 3428.00 & 3452.00 as targets...

Pivot (invalidation): 13110.00 Our preference Long positions above 13110.00 with targets at 13275.00 & 13339.00 in extension. Alternative scenario Below 13110.00 look for further downside with 13035.00 & 12966.00 as targets...

Pivot (invalidation): 7.5300 Our preference Long positions above 7.5300 with targets at 7.5600 & 7.5750 in extension. Alternative scenario Below 7.5300 look for further downside with 7.5120 & 7.4950 as targets...

Pivot (invalidation): 0.7295 Our preference Long positions above 0.7295 with targets at 0.7340 & 0.7360 in extension. Alternative scenario Below 0.7295 look for further downside with 0.7275 & 0.7250 as targets...

Pivot (invalidation): 1.3185 Our preference Short positions below 1.3185 with targets at 1.3135 & 1.3115 in extension. Alternative scenario Above 1.3185 look for further upside with 1.3220 & 1.3245 as targets...

Pivot (invalidation): 0.9105 Our preference Short positions below 0.9105 with targets at 0.9065 & 0.9050 in extension. Alternative scenario Above 0.9105 look for further upside with 0.9120 & 0.9140 as targets...

Pivot (invalidation): 1.2995 Our preference Short positions below 1.2995 with targets at 1.2920 & 1.2890 in extension. Alternative scenario Above 1.2995 look for further upside with 1.3035 & 1.3065 as targets...

Pivot (invalidation): 104.60 Our preference Long positions above 104.60 with targets at 105.00 & 105.15 in extension. Alternative scenario Below 104.60 look for further downside with 104.45 & 104.30 as targets...

Pivot (invalidation): 1.1820 Our preference Long positions above 1.1820 with targets at 1.1875 & 1.1900 in extension. Alternative scenario Below 1.1820 look for further downside with 1.1790 & 1.1770 as targets...

In the commodity market, oil prices have retreated from their weekly peaks, as investors are concerned about the oversupply amid weak demand during the pandemic, even as Hurricane Sally disrupted production in the US Gulf Coast...

US stock indices took different routes on Wednesday but bears dominated the market at the end of the session. The S&P 500 ended lower despite the fact that the Fed hinted it would maintain interest rates close to zero for a long period. The benchmark index was dragged down by tech stocks...

Pivot (invalidation): 39.40 Our preference Long positions above 39.40 with targets at 40.30 & 40.85 in extension. Alternative scenario Below 39.40 look for further downside with 38.80 & 38.25 as targets...