April 19, 2024

Economic Digest 02.08.2020

The dollar/ruble pair rose last week and closed at 74.42. Medium term couple,Possibly located in wave 3 of the finaldiagonal triangle with 86, which is C in the flat. Options for long-term markings are here. The net long speculative position in ruble futures fell by 2,700 from 10,900 to 8,200. The RTS Index fell and closed at 1234.44, there is every reason to believe that it has already completed the E wave of the triangle since 2008 (long-term markings here, medium-term & #8211; here). The Russian government bond index (RGBI-tr) fell and closed at 611.09. For more details, see the “Results of the Week” program.

World markets

OilI believe that the bottom of the 4-year cycle is alreadyestablished and a long-term upward reversal has occurred. The number of operating towers in the US fell from 181 to 180. The net volume of long speculative positions last week fell by 16,300, from 548,900 to 532,600. The week closed WTI - 40.27, Brent - 43.52.

Euro / dollar(EUR/USD) has completed wave A in the circle in Y (marked here) in the long-term marking, and is moving in wave B in the circle in Y. Closing the week is 1.1775.

Futures on the S&P indexmost likely finished flat correction (marking here). Now the first wave of the upward impulse is approaching its end. Closing the week - 3263.5.

Goldis in wave B in a circle in the long-termmarking (there is a chance that it has already been completed). His wave B (or X) was a triangle, and he is already moving into wave C (or has completed it, mid-term markings are here). Weekly close: 1975.09.

Bitcointhere is every reason to believe that the impulse from the year before last low was completed on June 26, most likely there was a correction to it, and the cryptocurrency turned upward.

RUH666 (ancestor of Rüchism)