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Analysis of financial market

Analysis of financial market

16 August 2023

ES (S&P 500)

Correction has begun for the S&P 500. We took a position in the short on SnP500 Dow Jones 30 and especially Nasdaq100. Let’s see how deep the correction will be. The latest value is 4470.

PA (Palladium)

Palladium is trying to test the bottoms. The latest value is 1239. It is very likely that it will move even lower. We observe without a position.

GC (Gold)

The latest value is 1936. Gold is under pressure due to the movement of the dollar. We carefully observe whether the 1920 level will stay. Without a position.

CL (WTI Oil)

The oil market shows exactly what we said – a correction from the levels of 84-85. No position yet. The latest value is 80.60.

NG (Gas)

Gas is still trying to return to growth. Last week we touched the 3.00 level. The latest value is 2.68. Let’s hope that volatility will return to the market. Levels up 3.5 and 5.0

KC (Coffee)

The coffee dropped quite seriously and gave a correction to the top, although there was not enough strength to reach the level of 170 that we announced. The growth was limited at the level of 168.30. We managed to get into a small plus. The latest value is 151. Now it looks like it will reach the minimum value of 142.50. Without a position.

USD/RUB

The latest value is 97.10. So the ruble touched the exchange rate at the level of 100. Despite the ”games” of the central bank, we are waiting for a correction to the levels of 70-80. 

BTC

Bitcoin took a pause before the next move. So far, it is going into the expected correction. There has been almost no movement since the beginning of July. The latest value is 29200.

HG (Copper)

Copper, like other metals under pressure. The latest value is 3.66. There is no special interest in trading. It is quite possible to further decrease to 3.55. We are waiting.

ZB (30-year Bond Futures) 

The latest value is 120-10. Bonds continue to decline due to the FED rate hike. We observe without a position.

DX (Dollar Index)

The dollar index broke through support at the level of 100.70 and bounced up to 103. We sold near the current level. We are waiting for the movement down to 102-101.

16 August 2023
Analytics of financial market

ES (S&P 500) S&P 500 correction is over. We not only managed to make ...

Analysis of financial market

ES (S&P 500) Correction has begun for the S&P 500. We took a position...

Analysis of financial market

Over the past two weeks, the broad market has remained at its highs without a...

Analysis of financial market

The most significant event of last week was the dollar index breaking through...