December 4, 2020

Economic Digest 10/25/2020

The dollar / ruble pair fell last week and closed at 76.125. Medium term couple, possibly in wave 3 of the finaldiagonal triangle with 86, which is C in flat. Long-term markup options are here. The net short speculative position in the ruble futures fell by 400 from 4,600 to 4,200. The RTS index rose and closed at 1164.06, there is every reason to believe that it has already completed wave E of the triangle since 2008 (long-term counting here, medium-term counting here ). The Russian government bond index (RGBI-tr) rose and closed at 616.07. For more details, see the Weekly Results program.

World markets

Oil I believe that the lows of the 4-year cycle are alreadyestablished and a long-term upward reversal has occurred. The number of operating towers in the US increased from 193 to 205. The net volume of long speculative positions last week increased by 17,500, from 472,800 to 490,300. In my opinion, the impulse from the April lows is completed, there is a correction in the second wave. The week closed with WTI - 39.75, Brent - 41.59.

Euro / dollar (EUR / USD) finished wave A in a circle at Y (counting here) in the long-term counting, and is moving in wave B in a circle at Y. Close of the week is 1.18566.

S&P Index Futures finished flat correction (markup here). Now the first wave of the upward impulse is over, the second is in progress. Closing of the week - 3451.75.

Gold is in wave B in a circle (in a flatcorrection) in the long-term counting (there is a possibility that it has already completed it). Its wave B (or X) was a triangle, and it is already moving in wave C (or has finished it, the mid-term counting is here). Closing of the week - 1901.61.

Bitcoin there is every reason to believe that the impulse from last year's low was completed on June 26, most likely, a correction to it passed, and the cryptocurrency turned up.

RUH666 (the founder of ruhism)

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