June 6, 2023

Economic Digest 03/15/2020

The dollar / ruble pair last week rose and closed at 72.5975. Friday's third trading volume The week was a record since March 2014. In the medium term, the pair may be in wave 2 of the final diagonal triangle with 86, which is C in plane. Long-term layout options here. The net long speculative position in the ruble futures fell by 1200 from 27,700 to 26,500. The RTS index fell and closed at 991.69, there is every reason to believe that it is already in the E wave of the triangle since 2008 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) also fell and closed at 540.6. See the Weekly Results program for more details.

World markets

Oil Brent broke through the low of December 2018, thereforevariants with flat correction have disappeared, the impulse ending then is the starting one. Here the correction to it may be a triangle. In WTI, the picture is somewhat different, the triangle has not formed there, so it’s difficult to say anything definite, most likely the decline will continue to levels of about 20. Last week, the net volume of long speculative positions fell by 1,000, from 388,400 to 387,400. Number operating towers in the USA grew from 682 to 683. The week closed with WTI - 32.93, Brent - 34.97. At the end of Thursday, the number of bulls on the market was 10%.

Euro / dollar (EUR / USD) finished the wave C flat correction withMarch 2015 (you can see the markup here, the dollar index here), respectively, the X wave in the long-term markup, since the level 1.21545 was broken (earlier this signal gave the dollar index, breaking the corresponding level), and moves towards parity. Now the pair is in the fifth wave of this movement, which is KDT. Closing of the week - 1.11. At the end of Thursday, the number of bulls on the market was 50%.

S&P Index Futures Last wave of growth that is partthe corrective pattern (wave B of a triangle or flat) is finished and wave C is now going on. While I expect it to continue, possible targets can range up to 1750. Closing of the week is 2696. At the end of Thursday, the number of bulls on the market was 5%.

Gold is in wave B in a circle in the longmarkups (there is a small chance that I have already finished it). The metal pierced 1366.08, therefore its wave B (or X) was a triangle, and it is already moving in wave C (medium-term marking here). Closing of the week - 1528.69. At the end of Thursday, the number of bulls on the market was 61%.

Bitcoin there is every reason to believe that the impulse from last year’s low was completed on June 26, a correction to it has passed (or is ongoing).

RUH666 (the founder of ruhism)

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