May 6, 2024

Economic Digest 06/07/2020

The dollar/ruble pair fell last week and closed at 68.70. 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 increased by 4,100 from 7,200 to 11,300. The RTS index rose and closed at 1285.78, 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) declined and closed at 609.27. 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 222 to 206. The net volume of long speculative positions last week increased by 15,700, from 542,600 to 568,300. The week closed WTI - 39.55, Brent - 42.07. At the end of Thursday, the number of bulls in the market was 77%.

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, and moves in wave A in the circle in Y. Now the pair is in the fifth wave of this movement, which is the KDT (there is a small chances are I've already finished it). Closing the week - 1.1290. At the end of Thursday, the number of bulls in the market was 75%.

Futures on the S&P indexmost likely finished flat correction (marking here). When moving from the bottom, it is in wave 3. Closing the week is 3186.75. At the end of Thursday, the number of bulls in the market stood at 81%.

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: 1685.502. At the end of Thursday, the number of bulls in the market stood at 68%.

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)