On March 8, 2023, the CBI Committee Grenada conference was held, at which the...
Last week, the main attention was focused on American gas, the fall of the American market, the fall of cryptocurrencies.
ES (S&P500)
The last value is 3941. Before the main fall, we see a slight rebound in the index to the levels of 4100, maybe 4200. We are waiting.
PA (Palladium)
Last value 1995. Palladium looks better than other metals. However, we refrain from buying for now. It looks like a technical rebound. Neutral. We are watching.
GC (Gold)
The last value is 1865. As we said, the rebound started from 1800 levels along with the correction of the dollar index. Congratulations to those who bought with us! We are waiting.
CL (WTI Oil)
The last value is 110.80. Oil aims at its previous highs – 130.
NG (Gas)
The last value is 8.92. American gas is gaining momentum again, unfortunately, we did not participate in the last stage of growth, we are observing.
KC (Coffee)
The last value is 213.83. Coffee can’t decide whether to go up now or push off from the 200 level. Let’s not rush, we are watching.
USD/RUB
The last value of 56.80. Ruble surprises everyone. One thing is certain that after such a downward movement, there will be a correction no less powerful than the movement that we have already seen. We still see the rebound level presumably at the level of 75-80.
BTC (Bitcoin)
The last value is 29500. Bitcoin, like the American market, is gaining strength to rebound to 35-36000. We are still in the longs waiting for a corrective movement. We are observing the asset.
HG (Copper)
The last value is 4.32. We have closed our long positions at the current levels. Congratulations to everyone who participated!
US, ZB (Futures on 30-year bonds)
Bonds are still under pressure. The last value is 142.00. We expect a slight pullback in order to gain short positions again. The level for sale is 143.70.
DX (Dollar Index)
The last value is 101.70. As we said, the extremely strong level has managed to hold, and the dollar index went into correction. We did not wait for the 101 level and closed the position here. When working against the trend, you need to be as careful as possible. Congratulations to everyone who participated!
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