October 30, 2020

Economic digest 10.11.2019

The dollar / ruble pair grew last week and closed at 63.80. 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 fell by 100, from 25,800 to 25,700. The RTS index rose, updated the maximum of the year and closed at 1468.17 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) set a new all-time high (564.71) and closed at 563.91.

World markets

Oil realized the figure “an inverted head andshoulders ", and went into correction. When it ends (ended), this correction will depend on where exactly the QDT, which was the last wave in motion from 42.05 (markup here), has ended, there are still 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 grew by 22,800, from 383,300 to 406,100. The number of operating towers in the USA fell from 691 to 684. The week closed with WTI - 57.24, Brent - 62.51. At the end of Thursday, the number of bulls on the market was 54%.

Euro / dollar (EUR / USD) finished the wave With a flat correction withMarch 2015 (the markup can be seen here, the dollar index here), respectively, the X wave in the long-term markup, since the level 1.21545 was broken (this signal gave the dollar index earlier, breaking through 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 - 1.1019. At the end of Thursday, the number of bulls on the market was 31%.

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), while it apparently has not yet been completed, so I expect to continue to move up soon. Closing of the week - 3090.5. At the end of Thursday, the number of bulls on the market was 81%.

Gold is in wave B in a circle in the longmarkup (maybe 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 - 1458.97. At the end of Thursday, the number of bulls on the market was 33%.

Bitcoin most likely ended the wave of 4 impulses from the December low, so probably the most popular cryptocurrency began to grow in the fifth wave, which will complete it.

RUH666 (the founder of ruhism)