October 20, 2020

Economic digest 10/06/2019

The dollar / ruble pair last week did not change much and closed at 64.615. Medium term couple rather total finished wave C wave 2 finala diagonal triangle with 86, which is flat (layout here), and is already in wave 3. Long-term layout options here. The net long speculative position in the ruble futures increased by 1,700, from 24,600 to 26,300. The RTS index fell and closed at 1311.65 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) has grown and closed at 541.61. 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 34,900, from 424,200 to 389,300. The number of operating towers in the US fell from 713 to 710. The week closed with WTI - 53.01, Brent - 58.37. At the end of Thursday, the number of bulls on the market was 32%.

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 in the fifth wave of this movement. Closing of the week - 1.09775. At the end of Thursday, the number of bulls on the market was 23%.

S&P Index Futures What is the last wave of growth, say for nowdifficult, most likely it is part of the corrective pattern (triangle or flat). Closing of the week - 2950.75. At the end of Thursday, the number of bulls in the market was 41%.

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 - 1504.58. At the end of Thursday, the number of bulls on the market was 47%.

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)