April 24, 2024

Economic Digest 09.08.2020

The dollar/ruble pair fell last week and closed at 73.7275. 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 2,300 from 8,200 to 5,900. The RTS Index rose and closed at 1271.43, there is every reason to believe that it has already completed the E wave of the triangle since 2008 (long-term marking here, medium-term & #8211; here). The Russian government bond index (RGBI-tr) rose and closed at 612.22. 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 active towers in the US fell from 180 to 176. The net volume of long speculative positions last week increased by 3,700, from 532,600 to 536,300. In my opinion, the momentum from the April lows is coming to an end, after which a serious correction is possible. The week closed WTI - 41.22, Brent - 44.69.

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 1.1864.

Futures on the S&P indexmost likely finished flat correction (marking here). Now the first wave of the upward impulse is nearing its end, after which a serious correction is possible. Closing the week - 3344.75.

Goldis in wave B in a circle (in a flatcorrections) in long-term markings (there is a possibility that it has already been completed). Its wave B (or X) was a triangle, and it is already moving into wave C (or has completed it, mid-term marking is here). Closing of the week is 2034.5.

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)