September 21, 2020

Economic Digest 10/27/2019

The dollar / ruble pair slightly grew last week and closed at 63.8525. Medium term couple rather total finished wave C wave 2 finala diagonal triangle with 86, which is flat (markup here), and is already in wave 3. Long-term layout options here. The net long speculative position in the ruble futures fell by 2,000, from 27,000 to 25,000. The RTS index rose, updated the maximum of the year and closed at 1421.2 (long-term markup here, medium-term - here). It turned out that foreign investment in Russian stocks since the imposition of sanctions increased by 58%. The Russian Government Bonds Index (RGBI-tr) set a new all-time high (554.3) and closed at 554.02. 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 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 increased by 9,300, from 356,900 to 366,200. The number of operating towers in the USA fell from 713 to 696. The week closed with WTI - 56.63, Brent - 62.03. At the end of Friday, the number of bulls on the market was 64%.

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 - 1.10795. At the end of Wednesday, the number of bulls on the market was 35%.

S&P Index Futures What is the last wave of growth, say for nowdifficult, most likely this is part of the corrective pattern (triangle or flat), while it is apparently not finished yet, so I expect to continue to move up soon. Closing of the week - 3020.25. At the end of Wednesday, the number of bulls on the market was 69%.

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 - 1504.3. At the end of Wednesday, the number of bulls on the market was 45%.

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

RUH666 (the founder of ruhism)