The dollar/ruble pair declined last week and closed at 63.5625. In the medium term the pair will most likelyfinished wave C of wave 2 of the final diagonaltriangle with 86, which is flat (marking here), and is already in wave 3. Options for long-term markings are here. The net long speculative position in ruble futures increased by 500 from 26,400 to 26,900. The RTS Index rose and closed at 1534.89 (long-term marking here, medium-term marking here). The Russian government bond index (RGBI-tr) rose, set a new all-time high (584.71) and closed at 584.69. For more details, see the “Results of the Week” program.
World markets
Oilimplemented the “inverted head andshoulders,” and went into correction. When this correction ends (has ended) will depend on where exactly the KDT ended, which was the last wave in the movement from 42.05 (marking here), there are still options (see here). At the moment, the flat (more details here) is no longer the most likely option (although, perhaps, it is A in the bullish triangle), it is not yet possible to single it out. The net volume of long speculative positions fell by 600 last week, from 397,400 to 396,800. The number of operating towers in the US increased from 676 to 678. The week closed WTI - 52.25, Brent - 57.24. At the end of Thursday, the number of bulls in the market was 26%.
Euro / dollar (EUR/USD) completed wave C of a flat correction withMarch 2015 (the marking can be viewed here, the dollar index – here), respectively, wave X in the long-term marking, since the level of 1.21545 was broken (previously this signal was given by the dollar index, breaking the corresponding level), and is moving towards parity. Now the pair is in the fifth wave of this movement, which is KDT. Closing the week - 1.0829. At the end of Thursday, the number of bulls in the market stood at 8%.
Futures on the S&P index What is the latest wave of growth, sayIt’s still difficult, most likely this is part of a corrective pattern (wave B of a triangle or flat) and whether it is finished or not is not yet clear (probably not). Weekly close: 3381. At the end of Thursday, the number of bulls in the market was 74%.
Goldis in wave B in a circle in the long-termmarkup (perhaps already finished it). The metal broke through 1366.08, therefore its wave B (or X) was a triangle, and it is already moving in wave C, and may have completed it (medium-term markings here). Closing the week - 1583.91. At the end of Thursday, the number of bulls in the market stood at 81%.
Bitcointhere is every reason to believe that the impulse from the year before last low was completed on June 26, a correction to it took place and now the 3rd wave is going up.
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