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Analysis of financial market

Analysis of financial market

21 June 2023

ES (S&P 500)

S&P 500 is moving up on the hype on artificial intelligence despite raising rates and problems in the economy. The latest value is 4400. Given that only 15-20 companies are moving the index, an early correction is possible. We observe without a position.

PA (Palladium)

Palladium is trying to test the bottoms. The latest value is 1350. It is very likely that it will move even lower. We observe without a position.

GC (Gold)

The latest value is 1946. Most likely, it will try to storm its lows again. It is late to sell, early to buy. Without a position.

CL (WTI Oil)

The oil market is under pressure. The United States is trying to drag it down to replenish its reserves. However, OPEC’s actions suggest the opposite. In fact, the minimum values are now and with a high probability we will soon see prices closer to $100 per barrel again closer to autumn.

NG (Gas)

The gas, which has decreased almost 4 times from its highs, is trying to find the bottom. The latest value is 2.51. Last week the gas grew noticeably. Let’s hope that volatility will return to the market. Levels up 3.5 and 5.0.

KC (Coffee)

Coffee does not look unambiguous. We think it’s worth waiting for further dynamics and not trading this asset now.

USD/RUB

The latest value is 84.42 The rate that currently suits all market participants. It is unlikely that we will see any sharp movement in the next quarter. It is quite possible to trade in the range of 75-85.

BTC

We managed to enter bitcoin at the level of 26000. We are waiting.

HG (Copper)

The growth in copper continued. The latest value is 3.87. A correction to 3.75 is quite possible.

ZB (Futures for 30-year bonds) 

The latest value is 127-28. The bonds are sideways. We observe without a position.

DX (Dollar Index)

The dollar index went into correction again. The latest value is 102.23. Sales were closed at 102. Without a position, we are watching.

21 June 2023
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