Jiming Huang / Profile

Pivot (invalidation): 1.3055 Our preference Long positions above 1.3055 with targets at 1.3125 & 1.3155 in extension. Alternative scenario Below 1.3055 look for further downside with 1.3025 & 1.3000 as targets...

Pivot (invalidation): 0.9830 Our preference Long positions above 0.9830 with targets at 0.9890 & 0.9915 in extension. Alternative scenario Below 0.9830 look for further downside with 0.9805 & 0.9785 as targets...

Pivot (invalidation): 111.00 Our preference Long positions above 111.00 with targets at 111.75 & 112.00 in extension. Alternative scenario Below 111.00 look for further downside with 110.70 & 110.35 as targets...

Pivot (invalidation): 1.2845 Our preference Short positions below 1.2845 with targets at 1.2780 & 1.2750 in extension. Alternative scenario Above 1.2845 look for further upside with 1.2885 & 1.2910 as targets...

Pivot (invalidation): 1.1575 Our preference Short positions below 1.1575 with targets at 1.1510 & 1.1490 in extension. Alternative scenario Above 1.1575 look for further upside with 1.1600 & 1.1620 as targets...

Crude oil prices are bouncing from recent low, benefitting from a weakening dollar and from China’s threatened 25% duties on US gasoline, diesel and other refined products...

The US Federal Reserve Bank yesterday released minutes of its August monetary policy meeting: a 0.25% interest rate hike is signalled for September. Markets have reacted with confusion. Was the tone hawkish or dovish...

Pivot (invalidation): 6560 Our preference Short positions below 6560 with targets at 6255 & 6125 in extension. Alternative scenario Above 6560 look for further upside with 6855 & 7030 as targets...

Pivot (invalidation): 67.25 Our preference Long positions above 67.25 with targets at 68.50 & 68.90 in extension. Alternative scenario Below 67.25 look for further downside with 66.80 & 66.40 as targets...

Pivot (invalidation): 14.7300 Our preference Short positions below 14.7300 with targets at 14.4800 & 14.4000 in extension. Alternative scenario Above 14.7300 look for further upside with 14.8100 & 14.8700 as targets...

Pivot (invalidation): 1194.50 Our preference Short positions below 1194.50 with targets at 1187.50 & 1184.00 in extension. Alternative scenario Above 1194.50 look for further upside with 1199.00 & 1201.75 as targets...

Pivot (invalidation): 1.1405 Our preference Short positions below 1.1405 with targets at 1.1360 & 1.1325 in extension. Alternative scenario Above 1.1405 look for further upside with 1.1435 & 1.1455 as targets...

Pivot (invalidation): 0.8960 Our preference Long positions above 0.8960 with targets at 0.8990 & 0.9005 in extension. Alternative scenario Below 0.8960 look for further downside with 0.8945 & 0.8935 as targets...

Pivot (invalidation): 0.7320 Our preference Short positions below 0.7320 with targets at 0.7275 & 0.7250 in extension. Alternative scenario Above 0.7320 look for further upside with 0.7335 & 0.7365 as targets...

Pivot (invalidation): 1.3000 Our preference Long positions above 1.3000 with targets at 1.3070 & 1.3095 in extension. Alternative scenario Below 1.3000 look for further downside with 1.2980 & 1.2960 as targets...

Pivot (invalidation): 0.9855 Our preference Short positions below 0.9855 with targets at 0.9805 & 0.9785 in extension. Alternative scenario Above 0.9855 look for further upside with 0.9890 & 0.9915 as targets...

Pivot (invalidation): 110.60 Our preference Long positions above 110.60 with targets at 111.10 & 111.30 in extension. Alternative scenario Below 110.60 look for further downside with 110.45 & 110.30 as targets...

Pivot (invalidation): 1.2900 Our preference Short positions below 1.2900 with targets at 1.2840 & 1.2810 in extension. Alternative scenario Above 1.2900 look for further upside with 1.2935 & 1.2975 as targets...

Pivot (invalidation): 1.1600 Our preference Short positions below 1.1600 with targets at 1.1515 & 1.1490 in extension. Alternative scenario Above 1.1600 look for further upside with 1.1640 & 1.1670 as targets...

What a difference a summer week makes! Just a week ago markets were calling for the end of days. Yesterday the sS&P 500 made an intraday all time high. USD continued to slide against G10 and EM currencies as DXY fell below its 50-dma...