Jiming Huang / Blog
On the economic data front China Sept manufacturing PMI recovered but remained in contraction territory. An official gauge of China's factory activity manufacturing PMI rebounded to 49.8 in September from 49.5 in August. New export orders, a reliable indicator of external demand, increased to 48...
Risk assets pulled back modestly at the start of the trading week. Political turbulence in US, China, UK and Middle East has come at a time when the global growth outlook appears fragile. Asian equity markets are mixed although skewed slightly to the downside...
Pivot (invalidation): 56.55 Our preference Short positions below 56.55 with targets at 55.70 & 55.35 in extension. Alternative scenario...
Pivot (invalidation): 17.6200 Our preference Short positions below 17.6200 with targets at 17.2800 & 17.0600 in extension...
Pivot (invalidation): 1500.00 Our preference Short positions below 1500.00 with targets at 1486.50 & 1482.00 in extension. Alternative scenario...
Pivot (invalidation): 2945.00 Our preference Long positions above 2945.00 with targets at 2976.50 & 2989.00 in extension. Alternative scenario...
Pivot (invalidation): 12325.00 Our preference Long positions above 12325.00 with targets at 12400.00 & 12465.00 in extension. Alternative scenario...
Pivot (invalidation): 5.6730 Our preference Short positions below 5.6730 with targets at 5.6520 & 5.6400 in extension. Alternative scenario...
Pivot (invalidation): 0.6770 Our preference Short positions below 0.6770 with targets at 0.6745 & 0.6735 in extension. Alternative scenario...