Jiming Huang / Profil

In the commodity market, oil prices are extending gains as investors anticipate a recovery in crude demand thanks to the implementation of the COVID vaccines in the near future. Still, the renewed restrictions in several countries are forcing stronger resistance levels on crude prices...

US equities will likely open higher on Monday after a bearish end of the week. Futures on Dow Jones and the S&P 500 are up 0.30% as of Monday morning European time, even though the number of COVID infections continues to increase in the US and Europe...

Pivot (invalidation): 42.00 Our preference Long positions above 42.00 with targets at 42.65 & 43.00 in extension. Alternative scenario Below 42.00 look for further downside with 41.60 & 41.25 as targets...

Pivot (invalidation): 24.0600 Our preference Long positions above 24.0600 with targets at 24.3900 & 24.5200 in extension. Alternative scenario Below 24.0600 look for further downside with 23.9300 & 23.8200 as targets...

Pivot (invalidation): 1866.00 Our preference Long positions above 1866.00 with targets at 1880.00 & 1885.00 in extension. Alternative scenario Below 1866.00 look for further downside with 1862.00 & 1858.00 as targets...

Pivot (invalidation): 3587.00 Our preference Short positions below 3587.00 with targets at 3543.00 & 3518.00 in extension. Alternative scenario Above 3587.00 look for further upside with 3606.00 & 3627.00 as targets...

Pivot (invalidation): 13000.00 Our preference Long positions above 13000.00 with targets at 13215.00 & 13297.00 in extension. Alternative scenario Below 13000.00 look for further downside with 12890.00 & 12810.00 as targets...

Pivot (invalidation): 7.5960 Our preference Long positions above 7.5960 with targets at 7.6810 & 7.7220 in extension. Alternative scenario Below 7.5960 look for further downside with 7.5460 & 7.5110 as targets...

Pivot (invalidation): 0.7295 Our preference Long positions above 0.7295 with targets at 0.7330 & 0.7355 in extension. Alternative scenario Below 0.7295 look for further downside with 0.7280 & 0.7265 as targets...

Pivot (invalidation): 1.3095 Our preference Short positions below 1.3095 with targets at 1.3060 & 1.3035 in extension. Alternative scenario Above 1.3095 look for further upside with 1.3120 & 1.3140 as targets...

Pivot (invalidation): 0.9115 Our preference Short positions below 0.9115 with targets at 0.9090 & 0.9080 in extension. Alternative scenario Above 0.9115 look for further upside with 0.9125 & 0.9140 as targets...

Pivot (invalidation): 103.90 Our preference Short positions below 103.90 with targets at 103.60 & 103.40 in extension. Alternative scenario Above 103.90 look for further upside with 104.05 & 104.20 as targets...

Pivot (invalidation): 1.3285 Our preference Long positions above 1.3285 with targets at 1.3350 & 1.3370 in extension. Alternative scenario Below 1.3285 look for further downside with 1.3255 & 1.3225 as targets...

Pivot (invalidation): 1.1850 Our preference Long positions above 1.1850 with targets at 1.1890 & 1.1905 in extension. Alternative scenario Below 1.1850 look for further downside with 1.1830 & 1.1815 as targets...

In the commodity market, oil prices are moving sideways and might end the week at Monday levels. The crude prices were under pressure amid surging COVID cases and downbeat labor market data released by the US...

US equities partially recovered on Thursday, after tumbling over 1% in the previous session. Investors reacted positively to the new stimulus hopes, which offset the worries over tighter restrictions and layoffs related to the surging coronavirus infection rates...

Pivot (invalidation): 41.55 Our preference Long positions above 41.55 with targets at 42.15 & 42.65 in extension. Alternative scenario Below 41.55 look for further downside with 41.25 & 40.80 as targets...

Pivot (invalidation): 24.1800 Our preference Short positions below 24.1800 with targets at 23.8800 & 23.6200 in extension. Alternative scenario Above 24.1800 look for further upside with 24.4100 & 24.6200 as targets...

Pivot (invalidation): 1869.00 Our preference Short positions below 1869.00 with targets at 1857.00 & 1852.00 in extension. Alternative scenario Above 1869.00 look for further upside with 1875.00 & 1884.00 as targets...

Pivot (invalidation): 3615.00 Our preference Short positions below 3615.00 with targets at 3552.00 & 3511.00 in extension. Alternative scenario Above 3615.00 look for further upside with 3645.00 & 3690.00 as targets...