Jiming Huang / Profile

Pivot (invalidation): 1.0910 Our preference Short positions below 1.0910 with targets at 1.0855 & 1.0840 in extension. Alternative scenario...

COMEX gold soared to $1788 an ounce on Tuesday. The strengthening positive momentum hints that a further rise toward the $1800 could be a piece of cake in case of a sudden downturn in global risk appetite. The US dollar is under the pressure of the ballooning Federal Reserve (Fed) balance sheet...

US stock indices extended gains on Tuesday. The S&P500 gained 3.06% and Nasdaq rallied 3.95% as technology stocks led gains. Big banks were among the worst performers of the New York session, followed by energy stocks...

Pivot (invalidation): 21.10 Our preference Short positions below 21.10 with targets at 19.95 & 19.25 in extension. Alternative scenario...

Pivot (invalidation): 15.5400 Our preference Long positions above 15.5400 with targets at 15.8400 & 15.9300 in extension. Alternative scenario...

Pivot (invalidation): 1715.00 Our preference Long positions above 1715.00 with targets at 1738.00 & 1747.00 in extension. Alternative scenario...

Pivot (invalidation): 2770.00 Our preference Long positions above 2770.00 with targets at 2900.00 & 3002.00 in extension. Alternative scenario...

Pivot (invalidation): 10650.00 Our preference Long positions above 10650.00 with targets at 10930.00 & 11013.00 in extension. Alternative scenario...

Pivot (invalidation): 6.7940 Our preference Long positions above 6.7940 with targets at 6.8460 & 6.8630 in extension. Alternative scenario...

Pivot (invalidation): 0.6445 Our preference Short positions below 0.6445 with targets at 0.6375 & 0.6355 in extension. Alternative scenario...

Pivot (invalidation): 1.3920 Our preference Short positions below 1.3920 with targets at 1.3860 & 1.3825 in extension. Alternative scenario...

Pivot (invalidation): 0.9620 Our preference Short positions below 0.9620 with targets at 0.9590 & 0.9570 in extension. Alternative scenario...

Pivot (invalidation): 107.30 Our preference Short positions below 107.30 with targets at 106.95 & 106.70 in extension. Alternative scenario...

Pivot (invalidation): 1.2580 Our preference Long positions above 1.2580 with targets at 1.2650 & 1.2690 in extension. Alternative scenario...

Pivot (invalidation): 1.0960 Our preference Long positions above 1.0960 with targets at 1.1000 & 1.1020 in extension. Alternative scenario...

Gold started the week with a heavy rise in demand. The price of an ounce cleared the $1700 offers as investors piled into the precious metal in preparation for potentially hectic price moves over the coming days and weeks. US treasuries remain bid, with the 10-year US treasury yield below the 0...

Asian equities kicked off the week on a mostly positive note on the back of encouraging trade data in China. Chinese exports fell 6.6% in March versus a 14% slump expected by analysts and a 17.2% decline recorded a month earlier. Imports retreated 0.9% y-o-y during the same month versus -9...

Pivot (invalidation): 23.30 Our preference Short positions below 23.30 with targets at 22.05 & 21.10 in extension. Alternative scenario...

Pivot (invalidation): 15.2900 Our preference Long positions above 15.2900 with targets at 15.7400 & 15.8400 in extension. Alternative scenario...

Pivot (invalidation): 1700.00 Our preference Long positions above 1700.00 with targets at 1735.00 & 1750.00 in extension. Alternative scenario...