Jiming Huang / Profile

Pivot (invalidation): 113.20 Our preference Short positions below 113.20 with targets at 112.80 & 112.55 in extension. Alternative scenario Above 113.20 look for further upside with 113.40 & 113.55 as targets...

Pivot (invalidation): 1.3125 Our preference Long positions above 1.3125 with targets at 1.3170 & 1.3210 in extension. Alternative scenario Below 1.3125 look for further downside with 1.3100 & 1.3070 as targets...

Pivot (invalidation): 1.1485 Our preference Long positions above 1.1485 with targets at 1.1530 & 1.1550 in extension. Alternative scenario Below 1.1485 look for further downside with 1.1470 & 1.1445 as targets...

As US sanctions against Iran crude exports are approaching, exports from the Islamic Republic are slowing down...

Markets are nervously watching US rates. 10-year yields are now at 3.25% (climbing over 80 bps in a month) with little sight of weakening. 2-year yields are stuck around 2.87%. The economy is growing at 3.2-3.5% with no real loss of momentum...

Pivot (invalidation): 73.85 Our preference Long positions above 73.85 with targets at 75.20 & 75.60 in extension. Alternative scenario Below 73.85 look for further downside with 73.50 & 73.05 as targets...

Pivot (invalidation): 14.4400 Our preference Short positions below 14.4400 with targets at 14.3000 & 14.2400 in extension. Alternative scenario Above 14.4400 look for further upside with 14.5600 & 14.6600 as targets...

Pivot (invalidation): 1192.50 Our preference Short positions below 1192.50 with targets at 1186.00 & 1182.50 in extension. Alternative scenario Above 1192.50 look for further upside with 1197.00 & 1200.00 as targets...

Pivot (invalidation): 2871.00 Our preference Long positions above 2871.00 with targets at 2897.75 & 2904.00 in extension. Alternative scenario Below 2871.00 look for further downside with 2862.00 & 2854.00 as targets...

Pivot (invalidation): 12000.00 Our preference Short positions below 12000.00 with targets at 11900.00 & 11865.00 in extension. Alternative scenario Above 12000.00 look for further upside with 12050.00 & 12100.00 as targets...

Pivot (invalidation): 6.1420 Our preference Short positions below 6.1420 with targets at 6.0960 & 6.0590 in extension. Alternative scenario Above 6.1420 look for further upside with 6.1690 & 6.1930 as targets...

Pivot (invalidation): 0.7060 Our preference Long positions above 0.7060 with targets at 0.7095 & 0.7115 in extension. Alternative scenario Below 0.7060 look for further downside with 0.7040 & 0.7020 as targets...

Pivot (invalidation): 1.2985 Our preference Short positions below 1.2985 with targets at 1.2940 & 1.2910 in extension. Alternative scenario Above 1.2985 look for further upside with 1.3010 & 1.3030 as targets...

Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9935 & 0.9950 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9895 & 0.9875 as targets...

Pivot (invalidation): 113.30 Our preference Short positions below 113.30 with targets at 112.80 & 112.50 in extension. Alternative scenario Above 113.30 look for further upside with 113.55 & 113.80 as targets...

Pivot (invalidation): 1.3055 Our preference Long positions above 1.3055 with targets at 1.3110 & 1.3135 in extension. Alternative scenario Below 1.3055 look for further downside with 1.3030 & 1.3000 as targets...

Pivot (invalidation): 1.1460 Our preference Long positions above 1.1460 with targets at 1.1510 & 1.1530 in extension. Alternative scenario Below 1.1460 look for further downside with 1.1440 & 1.1420 as targets...

The Italian budget situation took centre stage on Monday morning as traders return from the weekend. The FTSE MIB gave up another 1.80% to reach 19,962 points, its lowest level since April 2017. In the bond market, the country’s sovereign yields accelerated Friday’s upward trend...

Pivot (invalidation): 74.60 Our preference Short positions below 74.60 with targets at 72.95 & 72.35 in extension. Alternative scenario Above 74.60 look for further upside with 75.20 & 75.60 as targets...

Pivot (invalidation): 14.6600 Our preference Short positions below 14.6600 with targets at 14.3400 & 14.2300 in extension. Alternative scenario Above 14.6600 look for further upside with 14.7700 & 14.8200 as targets...