Jiming Huang / Perfil

Optimism over warm weather supporting the gradual return to normal activities following a more than two-month lockdown period globally holds equities in demand as commodity currencies hold to their gains with oil prices climbing above $30 for the first time since mid-March 2020 on hope of growing...

Pivot (invalidation): 29.50 Our preference Long positions above 29.50 with targets at 31.45 & 32.50 in extension. Alternative scenario...

Pivot (invalidation): 16.8000 Our preference Long positions above 16.8000 with targets at 17.3000 & 17.6000 in extension. Alternative scenario...

Pivot (invalidation): 1743.00 Our preference Long positions above 1743.00 with targets at 1768.00 & 1780.00 in extension. Alternative scenario...

Pivot (invalidation): 2830.00 Our preference Long positions above 2830.00 with targets at 2880.00 & 2907.00 in extension. Alternative scenario...

Pivot (invalidation): 10380.00 Our preference Long positions above 10380.00 with targets at 10600.00 & 10700.00 in extension. Alternative scenario...

Pivot (invalidation): 6.9190 Our preference Short positions below 6.9190 with targets at 6.8570 & 6.8280 in extension. Alternative scenario...

Pivot (invalidation): 0.6405 Our preference Long positions above 0.6405 with targets at 0.6470 & 0.6495 in extension. Alternative scenario...

Pivot (invalidation): 1.4115 Our preference Short positions below 1.4115 with targets at 1.4050 & 1.4015 in extension. Alternative scenario...

Pivot (invalidation): 0.9725 Our preference Short positions below 0.9725 with targets at 0.9705 & 0.9695 in extension. Alternative scenario...

Pivot (invalidation): 107.30 Our preference Short positions below 107.30 with targets at 107.00 & 106.85 in extension. Alternative scenario...

Pivot (invalidation): 1.2130 Our preference Short positions below 1.2130 with targets at 1.2070 & 1.2040 in extension. Alternative scenario...

Pivot (invalidation): 1.0805 Our preference Long positions above 1.0805 with targets at 1.0835 & 1.0850 in extension. Alternative scenario...

In the foreign exchange markets, the US dollar index consolidates above the 100 mark on firm safe haven demand. The US treasury yields retreat as investors continue piling into less risky US debt, despite the uptick in equities – a proof that the risk appetite remains brittle...

US equities rebounded; the Dow (+1.62%) and the S&P500 (+1.15%) gained on Thursday, as bank stocks rallied 2.64% as the Federal Reserve (Fed) Chair Jerome Powell talked down the possibility of negative rates for the moment. Nasdaq advanced 0.91...

Pivot (invalidation): 26.75 Our preference Long positions above 26.75 with targets at 27.95 & 28.55 in extension. Alternative scenario...

Pivot (invalidation): 15.8800 Our preference Long positions above 15.8800 with targets at 16.2000 & 16.3600 in extension. Alternative scenario...

Pivot (invalidation): 1722.00 Our preference Long positions above 1722.00 with targets at 1743.00 & 1748.00 in extension. Alternative scenario...

Pivot (invalidation): 2821.00 Our preference Long positions above 2821.00 with targets at 2880.00 & 2907.00 in extension. Alternative scenario...

Pivot (invalidation): 10160.00 Our preference Long positions above 10160.00 with targets at 10475.00 & 10600.00 in extension. Alternative scenario...