Jiming Huang / Blog
Pivot (invalidation): 1.2570 Our preference Short positions below 1.2570 with targets at 1.2525 & 1.2495 in extension. Alternative scenario Above 1.2570 look for further upside with 1.2605 & 1.2635 as targets...
Pivot (invalidation): 1.1245 Our preference Short positions below 1.1245 with targets at 1.1200 & 1.1180 in extension. Alternative scenario Above 1.1245 look for further upside with 1.1260 & 1.1280 as targets...
In the US, the ADP employment figure is expected to reveal an additional 9.5 million job losses during last month – much better compared to April’s 20 million decline, but still very much worrying for the health of the US labour market...
Chinese services PMI printed the first extension since January and the fastest since October 2010, the Australian GDP contracted 0.3% in the first quarter, slightly less than -0.4% penciled in by analysts and the US oil inventories fell 500’000 barrels last week according to the API data...
Pivot (invalidation): 36.65 Our preference Long positions above 36.65 with targets at 38.70 & 39.20 in extension. Alternative scenario Below 36.65 look for further downside with 36.00 & 35.55 as targets...
Pivot (invalidation): 18.0700 Our preference Short positions below 18.0700 with targets at 17.7500 & 17.5200 in extension. Alternative scenario Above 18.0700 look for further upside with 18.2400 & 18.3800 as targets...
Pivot (invalidation): 1735.00 Our preference Short positions below 1735.00 with targets at 1719.00 & 1711.00 in extension. Alternative scenario Above 1735.00 look for further upside with 1745.00 & 1752.00 as targets...
Pivot (invalidation): 3030.00 Our preference Long positions above 3030.00 with targets at 3100.00 & 3145.00 in extension. Alternative scenario Below 3030.00 look for further downside with 3000.00 & 2970.00 as targets...
Pivot (invalidation): 11810.00 Our preference Long positions above 11810.00 with targets at 12160.00 & 12330.00 in extension. Alternative scenario Below 11810.00 look for further downside with 11700.00 & 11570.00 as targets...