The collapse of risk appetite continued today with selling across the board. Global equity indices, crude, USD and bond yields are all weaker. The Shanghai composite fell 5.22% and the Nikkei declined 3.89%. There is indiscriminate selling, rather than a traditional risk-off trade...
The US dollar is falling after stock indexes. The DXY dollar index, which tracks the US currency against a basket of 6 other major currencies, has been dropping on Thursday for the third day in a row. DXY futures traded at the beginning of the American session near the 94...
Pivot (invalidation): 72.75 Our preference Short positions below 72.75 with targets at 71.25 & 70.65 in extension. Alternative scenario Above 72.75 look for further upside with 73.60 & 74.20 as targets...
Pivot (invalidation): 14.2200 Our preference Long positions above 14.2200 with targets at 14.4200 & 14.4900 in extension. Alternative scenario Below 14.2200 look for further downside with 14.1500 & 14.0500 as targets...
Pivot (invalidation): 1190.00 Our preference Long positions above 1190.00 with targets at 1197.00 & 1200.00 in extension. Alternative scenario Below 1190.00 look for further downside with 1186.00 & 1183.00 as targets...
Pivot (invalidation): 2830.00 Our preference Short positions below 2830.00 with targets at 2764.00 & 2735.00 in extension. Alternative scenario Above 2830.00 look for further upside with 2853.50 & 2865.00 as targets...
Pivot (invalidation): 11820.00 Our preference Short positions below 11820.00 with targets at 11620.00 & 11515.00 in extension. Alternative scenario Above 11820.00 look for further upside with 11900.00 & 12000.00 as targets...
Pivot (invalidation): 6.0980 Our preference Short positions below 6.0980 with targets at 6.0490 & 6.0200 in extension. Alternative scenario Above 6.0980 look for further upside with 6.1330 & 6.1575 as targets...
Pivot (invalidation): 0.7085 Our preference Short positions below 0.7085 with targets at 0.7055 & 0.7040 in extension. Alternative scenario Above 0.7085 look for further upside with 0.7105 & 0.7130 as targets...
Pivot (invalidation): 1.3010 Our preference Long positions above 1.3010 with targets at 1.3080 & 1.3120 in extension. Alternative scenario Below 1.3010 look for further downside with 1.2980 & 1.2950 as targets...
Pivot (invalidation): 0.9895 Our preference Short positions below 0.9895 with targets at 0.9850 & 0.9820 in extension. Alternative scenario Above 0.9895 look for further upside with 0.9920 & 0.9935 as targets...
Pivot (invalidation): 112.50 Our preference Short positions below 112.50 with targets at 111.85 & 111.55 in extension. Alternative scenario Above 112.50 look for further upside with 112.85 & 113.30 as targets...
Pivot (invalidation): 1.3175 Our preference Long positions above 1.3175 with targets at 1.3265 & 1.3300 in extension. Alternative scenario Below 1.3175 look for further downside with 1.3130 & 1.3100 as targets...
Pivot (invalidation): 1.1530 Our preference Long positions above 1.1530 with targets at 1.1580 & 1.1600 in extension. Alternative scenario Below 1.1530 look for further downside with 1.1515 & 1.1485 as targets...
Pivot (invalidation): 74.25 Our preference Long positions above 74.25 with targets at 75.30 & 75.60 in extension. Alternative scenario Below 74.25 look for further downside with 73.70 & 73.05 as targets...
Pivot (invalidation): 14.2500 Our preference Long positions above 14.2500 with targets at 14.4900 & 14.5600 in extension. Alternative scenario Below 14.2500 look for further downside with 14.1500 & 14.0500 as targets...
Pivot (invalidation): 1185.00 Our preference Long positions above 1185.00 with targets at 1192.00 & 1195.00 in extension. Alternative scenario Below 1185.00 look for further downside with 1180.50 & 1176.50 as targets...
Pivot (invalidation): 2871.00 Our preference Long positions above 2871.00 with targets at 2895.50 & 2904.00 in extension. Alternative scenario Below 2871.00 look for further downside with 2862.00 & 2854.00 as targets...
Pivot (invalidation): 11875.00 Our preference Long positions above 11875.00 with targets at 12050.00 & 12100.00 in extension. Alternative scenario Below 11875.00 look for further downside with 11800.00 & 11730.00 as targets...
