September 21, 2020

Economic digest 10/20/2019

The dollar / ruble pair last week fell and closed at 63.76. 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 1,400, from 28,400 to 27,000. The RTS index rose and closed at 1355.27 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) set a new all-time high (551.11) and closed at 551.08. Listen in more detail in the "results of the week."

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 increased by 1,800, from 355,100 to 356,900. The number of operating towers in the USA grew from 712 to 713. The week closed with WTI - 53.70, Brent - 59.30. At the end of Wednesday, the number of bulls on the market was 45%.

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. Closing of the week - 1.1169. At the end of Wednesday, 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). Closing of the week - 2988.25. At the end of Wednesday, the number of bulls on the market was 62%.

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 - 1489.91. At the end of Wednesday, the number of bulls on the market was 30%.

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)