September 27, 2020

Economic digest 09/29/2019

The dollar / ruble pair last week rose and closed at 64.6975. Medium term couple is likely finished wave C wave 2 final diagonaltriangle 86, which is flat (markup here), and is already in wave 3. Options for long-term layout here. The net long speculative position in the ruble futures increased by 1,000, from 23,600 to 24,600. The RTS index fell and closed at 1347.72 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) set a new all-time high (542.24) and closed at 540.79. Listen in more detail in the "weekly results".

World markets

Oil realized the figure “an inverted head andshoulders ", and went into correction. When this correction will end (has ended), it will depend on where exactly the KDT ended, which was the last wave in the movement since 42.05 (markup here), while there are options (see here). At present, flat (in more detail here) is no longer the most likely option, so far it is impossible to single out one. The net volume of long speculative positions last week fell by 2,900, from 427,100 to 424,200. The number of operating towers in the US fell from 719 to 713. The week closed with WTI - 55.91, Brent - 61.91. At the end of Friday, the number of bulls in the market was 50%.

Euro / dollar (EUR / USD) finished the wave With a flat correction withMarch 2015 (you can see the markup here, the dollar index here), respectively, wave X in the long-term markup, since the level 1.21545 was broken (this signal gave the dollar index earlier, breaking the corresponding level), and moves towards parity. Now the pair is either in the second (fourth) wave of this movement (then it will be flat, the probability of this option is again quite low), or already in the third (or fifth) (the working version of the marking is with the second BAT here). Closing of the week is 1.0941. At the end of Friday, the number of bulls on the market was 15%.

S&P Index Futures What is the last wave of growth, say for nowdifficult, maybe this is part of the corrective pattern (triangle or flat). Closing of the week - 2963.75. At the end of Friday, the number of bulls in the market was 57%.

Gold is in wave B in a circle in the longmarkup. 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 - 1496.81. At the end of Friday, the number of bulls in the market was 42%.

Bitcoin most likely, it is in a wave of 4 impulses from the December bottoms, so most likely, after its end, the most popular cryptocurrency will grow in the fifth wave, which will complete it.

RUH666 (the founder of ruhism)