June 11, 2023

Economic Digest 11/17/2019

The dollar / ruble pair last week did not change much and closed at 63.7675. 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 600, from 25,700 to 26,300. The RTS index fell and closed at 1449.42 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) set a new all-time high (564.93) and closed at 562.49. Listen more in the Weekly Results program.

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 18,500, from 406,100 to 424,600. The number of operating towers in the USA fell from 684 to 674. The week closed with WTI - 57.93, Brent - 63.45. At the end of Thursday, the number of bulls on the market was 53%.

Euro / dollar (EUR / USD) finished the wave With a flat correction withMarch 2015 (you can see the markup here, the dollar index here), respectively, the X wave in the long-term markup, since the level 1.21545 was broken (earlier this signal gave the dollar index, breaking 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 - 1.10525. At the end of Thursday, the number of bulls in the market was 29%.

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 - 3118.25. At the end of Thursday, the number of bulls on the market was 84%.

Gold is in wave B in a circle in the longmarkup (maybe already finished it). The metal broke through 1366.08, therefore its wave B (or X) was a triangle, and it is already moving in wave C, and, possibly, has finished it (medium-term marking here). Closing of the week - 1467.63. At the end of Thursday, the number of bulls in the market was 41%.

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)