Jiming Huang / Profile

Markets kicked off the week on a mixed note, as investors couldn’t decide on where to go next as two major opposite forces muddle the sentiment at the moment: the rise in new coronavirus cases and the massive monetary and fiscal interventions...

Pivot (invalidation): 39.00 Our preference Long positions above 39.00 with targets at 40.60 & 41.15 in extension. Alternative scenario Below 39.00 look for further downside with 38.50 & 37.80 as targets...

Pivot (invalidation): 17.6600 Our preference Long positions above 17.6600 with targets at 18.0000 & 18.1900 in extension. Alternative scenario Below 17.6600 look for further downside with 17.5400 & 17.4700 as targets...

Pivot (invalidation): 1743.00 Our preference Long positions above 1743.00 with targets at 1759.00 & 1765.00 in extension. Alternative scenario Below 1743.00 look for further downside with 1738.00 & 1732.00 as targets...

Pivot (invalidation): 3154.00 Our preference Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension. Alternative scenario Above 3154.00 look for further upside with 3184.00 & 3220.00 as targets...

Pivot (invalidation): 12450.00 Our preference Short positions below 12450.00 with targets at 12280.00 & 12157.00 in extension. Alternative scenario Above 12450.00 look for further upside with 12530.00 & 12660.00 as targets...

Pivot (invalidation): 6.8310 Our preference Long positions above 6.8310 with targets at 6.8580 & 6.8720 in extension. Alternative scenario Below 6.8310 look for further downside with 6.8190 & 6.8080 as targets...

Pivot (invalidation): 0.6825 Our preference Long positions above 0.6825 with targets at 0.6875 & 0.6905 in extension. Alternative scenario Below 0.6825 look for further downside with 0.6805 & 0.6790 as targets...

Pivot (invalidation): 1.3625 Our preference Short positions below 1.3625 with targets at 1.3575 & 1.3540 in extension. Alternative scenario Above 1.3625 look for further upside with 1.3655 & 1.3680 as targets...

Pivot (invalidation): 0.9530 Our preference Short positions below 0.9530 with targets at 0.9500 & 0.9485 in extension. Alternative scenario Above 0.9530 look for further upside with 0.9540 & 0.9555 as targets...

Pivot (invalidation): 107.00 Our preference Short positions below 107.00 with targets at 106.75 & 106.65 in extension. Alternative scenario Above 107.00 look for further upside with 107.15 & 107.30 as targets...

Pivot (invalidation): 1.2335 Our preference Long positions above 1.2335 with targets at 1.2410 & 1.2455 in extension. Alternative scenario Below 1.2335 look for further downside with 1.2285 & 1.2250 as targets...

Pivot (invalidation): 1.1165 Our preference Long positions above 1.1165 with targets at 1.1220 & 1.1240 in extension. Alternative scenario Below 1.1165 look for further downside with 1.1140 & 1.1120 as targets...

The strong US dollar gains strength against most currencies, except the yen and the Swiss franc as de-risking continues. Gold remains stoic faced with the lack of clarity in market direction...

Asian stocks are set to close the week on a positive note, after having swung between hope of post-Covid recovery and fear of a second wave contamination this week. US equities were mostly flat on Thursday...

Pivot (invalidation): 38.50 Our preference Long positions above 38.50 with targets at 39.50 & 40.30 in extension. Alternative scenario Below 38.50 look for further downside with 37.95 & 37.55 as targets...

Pivot (invalidation): 17.5400 Our preference Short positions below 17.5400 with targets at 17.2900 & 17.1400 in extension. Alternative scenario Above 17.5400 look for further upside with 17.6700 & 17.7500 as targets...

Pivot (invalidation): 1728.00 Our preference Short positions below 1728.00 with targets at 1717.00 & 1712.50 in extension. Alternative scenario Above 1728.00 look for further upside with 1733.00 & 1737.50 as targets...

Pivot (invalidation): 3154.00 Our preference Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension. Alternative scenario Above 3154.00 look for further upside with 3184.00 & 3233.00 as targets...

Pivot (invalidation): 12430.00 Our preference Short positions below 12430.00 with targets at 12132.00 & 12040.00 in extension. Alternative scenario Above 12430.00 look for further upside with 12530.00 & 12660.00 as targets...