Jiming Huang / Profile

Pivot (invalidation): 1.1060 Our preference Short positions below 1.1060 with targets at 1.0980 & 1.0950 in extension. Alternative scenario...

In the currency markets, the US dollar halted its decline as the investor sentiment soured again. The EURUSD retraced to 1.1068. Due today, the industrial and services sentiment indices may have dived to negative in March for the first time since 2013...

Not surprisingly, last week’s enthusiasm over the Federal Reserve’s (Fed) pledge to buy unlimited amount of assets and the US government’s historical $2-trillion rescue package didn’t last long. The Dow closed Friday’s session 4% lower, as S&P500 (-3.37%) and Nasdaq (-3...

Pivot (invalidation): 21.20 Our preference Short positions below 21.20 with targets at 19.40 & 18.70 in extension. Alternative scenario...

Pivot (invalidation): 14.2800 Our preference Short positions below 14.2800 with targets at 13.6100 & 13.4000 in extension. Alternative scenario...

Pivot (invalidation): 1629.00 Our preference Short positions below 1629.00 with targets at 1606.00 & 1594.00 in extension. Alternative scenario...

Pivot (invalidation): 2638.00 Our preference Short positions below 2638.00 with targets at 2450.00 & 2350.00 in extension. Alternative scenario...

Pivot (invalidation): 9870.00 Our preference Short positions below 9870.00 with targets at 9461.00 & 9080.00 in extension. Alternative scenario...

Pivot (invalidation): 6.4450 Our preference Long positions above 6.4450 with targets at 6.4840 & 6.5040 in extension. Alternative scenario...

Pivot (invalidation): 0.6200 Our preference Short positions below 0.6200 with targets at 0.6110 & 0.6055 in extension. Alternative scenario...

Pivot (invalidation): 1.4000 Our preference Long positions above 1.4000 with targets at 1.4085 & 1.4155 in extension. Alternative scenario...

Pivot (invalidation): 0.9500 Our preference Long positions above 0.9500 with targets at 0.9560 & 0.9600 in extension. Alternative scenario...

Pivot (invalidation): 107.90 Our preference Short positions below 107.90 with targets at 107.00 & 106.50 in extension. Alternative scenario...

Pivot (invalidation): 1.2475 Our preference Short positions below 1.2475 with targets at 1.2290 & 1.2205 in extension. Alternative scenario...

Pivot (invalidation): 1.1140 Our preference Short positions below 1.1140 with targets at 1.1060 & 1.1020 in extension. Alternative scenario...

WTI crude consolidates a touch below $25 a barrel and will likely gyrate within the $20-$25 area, with a greater possibility of breaking this range to the topside. In the foreign exchange markets, the EURUSD rallied to 1.1086 on a broadly softer US dollar...

The jobless claims in the US rose past the 3 million mark last week, a sign that the covid-19 has started taking a severe toll on the US labour market and the US now has the most coronavirus cases in the world, hinting that the situation is about to get worse in the coming weeks...

Pivot (invalidation): 23.45 Our preference Short positions below 23.45 with targets at 22.40 & 21.80 in extension. Alternative scenario...

Pivot (invalidation): 14.2300 Our preference Long positions above 14.2300 with targets at 14.7100 & 15.0900 in extension. Alternative scenario...

Pivot (invalidation): 1608.00 Our preference Long positions above 1608.00 with targets at 1645.00 & 1659.00 in extension. Alternative scenario...