Jiming Huang / Profile

Pivot (invalidation): 1.4180 Our preference Long positions above 1.4180 with targets at 1.4260 & 1.4300 in extension. Alternative scenario...

Pivot (invalidation): 0.9740 Our preference Long positions above 0.9740 with targets at 0.9795 & 0.9825 in extension. Alternative scenario...

Pivot (invalidation): 108.55 Our preference Long positions above 108.55 with targets at 109.35 & 109.70 in extension. Alternative scenario...

Pivot (invalidation): 1.2270 Our preference Short positions below 1.2270 with targets at 1.2205 & 1.2175 in extension. Alternative scenario...

Pivot (invalidation): 1.0830 Our preference Short positions below 1.0830 with targets at 1.0795 & 1.0775 in extension. Alternative scenario...

In the currency markets, the US dollar defines the overall direction for all. And the greenback remains strong as the risk-off behaviour reigns. Due today, the US nonfarm payrolls are expected to unveil 100’000 job losses in March...

Eyes on US NFPs after tragic jobless claims data. UK’s services PMI could be revised lower. The US jobless claims shot up by 6.6 million last week, as businesses stopped due to the coronavirus shutdowns leaving millions of Americans seeking for benefits...

Pivot (invalidation): 23.40 Our preference Long positions above 23.40 with targets at 25.10 & 25.85 in extension. Alternative scenario...

Pivot (invalidation): 14.2800 Our preference Long positions above 14.2800 with targets at 14.6100 & 14.7400 in extension. Alternative scenario...

Pivot (invalidation): 1600.00 Our preference Long positions above 1600.00 with targets at 1627.00 & 1637.00 in extension. Alternative scenario...

Pivot (invalidation): 2446.00 Our preference Long positions above 2446.00 with targets at 2570.00 & 2640.00 in extension. Alternative scenario...

Pivot (invalidation): 9760.00 Our preference Short positions below 9760.00 with targets at 9337.00 & 9080.00 in extension. Alternative scenario...

Pivot (invalidation): 6.5930 Our preference Long positions above 6.5930 with targets at 6.6430 & 6.6770 in extension. Alternative scenario...

Pivot (invalidation): 0.6040 Our preference Long positions above 0.6040 with targets at 0.6080 & 0.6120 in extension. Alternative scenario...

Pivot (invalidation): 1.4200 Our preference Short positions below 1.4200 with targets at 1.4095 & 1.4060 in extension. Alternative scenario...

Pivot (invalidation): 0.9715 Our preference Long positions above 0.9715 with targets at 0.9755 & 0.9770 in extension. Alternative scenario...

Pivot (invalidation): 107.70 Our preference Long positions above 107.70 with targets at 108.25 & 108.50 in extension. Alternative scenario...

Pivot (invalidation): 1.2410 Our preference Short positions below 1.2410 with targets at 1.2360 & 1.2330 in extension. Alternative scenario...

Pivot (invalidation): 1.0885 Our preference Short positions below 1.0885 with targets at 1.0820 & 1.0775 in extension. Alternative scenario...

But despite the increasing global glut, WTI crude held support at $20 per barrel. First, because the Saudi’s increased production is certainly countered by lower production elsewhere due to the very low oil prices...