January 28, 2023

Economic digest 12/15/2019

The dollar / ruble pair last week fell and closed at 62.8975. 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 800, from 28,000 to 27,200. The RTS index rose and closed at 1,501.42 (long-term markup here, medium-term - here). The Russian Government Bonds Index (RGBI-tr) also grew, set a new all-time high (568.89) and closed at 568.37. See the Weekly Results program for more details.

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 67,500, from 428,000 to 495,500. The number of operating towers in the US grew from 663 to 667. The week closed with WTI - 60.07, Brent - 65.22. At the end of Wednesday, the number of bulls on the market was 66%.

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 - 1.1117. At the end of Wednesday, the number of bulls on the market was 45%.

S&P Index Futures What is the last wave of growth, say for nowdifficult, most likely it is part of the corrective pattern (wave B of a triangle or flat), while it is apparently not finished yet, so I expect a continuation of the upward movement in the near future. Closing of the week is 3172. At the end of Wednesday, the number of bulls on the market was 72%.

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 - 1475.60. At the end of Wednesday, the number of bulls on the market was 39%.

Bitcoin struck the October low, so there is every reason to believe that the impulse from last year's low was completed on June 26 and now there is (or is finished) a correction to it (wave 2).

RUH666 (the founder of ruhism)