Jiming Huang / Profil

Pivot (invalidation): 106.95 Our preference Short positions below 106.95 with targets at 106.70 & 106.50 in extension. Alternative scenario Above 106.95 look for further upside with 107.10 & 107.25 as targets...

Pivot (invalidation): 1.2630 Our preference Long positions above 1.2630 with targets at 1.2690 & 1.2720 in extension. Alternative scenario Below 1.2630 look for further downside with 1.2605 & 1.2580 as targets...

Pivot (invalidation): 1.1305 Our preference Long positions above 1.1305 with targets at 1.1350 & 1.1370 in extension. Alternative scenario Below 1.1305 look for further downside with 1.1290 & 1.1275 as targets...

Gold retreated to $1795 per oz as investors liquidated their long gold holdings at the same time then they exited their risk positions. The simultaneous equity, gold sell-off in risk environment has become a usual behaviour and doesn’t dent the gold’s safe haven value in medium term...

The relation between the US and China is about to get worse after the US imposed sanctions on top Chinese officials for the abuse of human rights in the Xinjiang region. News come about the same time than the political frictions over the Hong Kong’s new national security law...

Pivot (invalidation): 39.80 Our preference Short positions below 39.80 with targets at 38.85 & 38.45 in extension. Alternative scenario Above 39.80 look for further upside with 40.05 & 40.30 as targets...

Pivot (invalidation): 18.7300 Our preference Short positions below 18.7300 with targets at 18.4600 & 18.3500 in extension. Alternative scenario Above 18.7300 look for further upside with 18.9000 & 19.0300 as targets...

Pivot (invalidation): 1809.00 Our preference Short positions below 1809.00 with targets at 1795.00 & 1787.00 in extension. Alternative scenario Above 1809.00 look for further upside with 1818.00 & 1825.00 as targets...

Pivot (invalidation): 3115.00 Our preference Long positions above 3115.00 with targets at 3184.00 & 3225.00 in extension. Alternative scenario Below 3115.00 look for further downside with 3101.00 & 3085.00 as targets...

Pivot (invalidation): 12640.00 Our preference Short positions below 12640.00 with targets at 12441.00 & 12260.00 in extension. Alternative scenario Above 12640.00 look for further upside with 12730.00 & 12840.00 as targets...

Pivot (invalidation): 6.8550 Our preference Long positions above 6.8550 with targets at 6.8680 & 6.8750 in extension. Alternative scenario Below 6.8550 look for further downside with 6.8490 & 6.8430 as targets...

Pivot (invalidation): 0.6965 Our preference Short positions below 0.6965 with targets at 0.6920 & 0.6905 in extension. Alternative scenario Above 0.6965 look for further upside with 0.6975 & 0.6990 as targets...

Pivot (invalidation): 1.3570 Our preference Long positions above 1.3570 with targets at 1.3600 & 1.3625 in extension. Alternative scenario Below 1.3570 look for further downside with 1.3545 & 1.3520 as targets...

Pivot (invalidation): 0.9395 Our preference Long positions above 0.9395 with targets at 0.9430 & 0.9445 in extension. Alternative scenario Below 0.9395 look for further downside with 0.9370 & 0.9355 as targets...

Pivot (invalidation): 107.25 Our preference Short positions below 107.25 with targets at 106.90 & 106.75 in extension. Alternative scenario Above 107.25 look for further upside with 107.35 & 107.45 as targets...

Pivot (invalidation): 1.2625 Our preference Short positions below 1.2625 with targets at 1.2560 & 1.2540 in extension. Alternative scenario Above 1.2625 look for further upside with 1.2650 & 1.2670 as targets...

Pivot (invalidation): 1.1300 Our preference Short positions below 1.1300 with targets at 1.1255 & 1.1235 in extension. Alternative scenario Above 1.1300 look for further upside with 1.1315 & 1.1335 as targets...

Meanwhile, demand in safe haven assets is firming with increased inflows in US treasuries, Swiss franc and gold. Gold cleared the $1800 resistance and rallied to $1820 per oz on stops...

Equities in Shanghai (+1.03%) extended gains for the eighth consecutive session, still surfing on the wave of optimism that more central bank and government stimulus is underway to maintain a ‘healthy’ bull market to tackle the Covid-led economic slowdown in China...

Pivot (invalidation): 40.55 Our preference Long positions above 40.55 with targets at 41.10 & 41.40 in extension. Alternative scenario Below 40.55 look for further downside with 40.25 & 39.90 as targets...