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Analysis of financial markets

Analysis of financial markets

23 March 2022

Last week, the main attention of investors and speculators was focused on oil, petroleum products, the situation with the Russian stock exchange, as well as the inability to open accounts for Russian residents with foreign brokers. Perhaps in the future, non-residents will face the problem of trading on the Russian stock exchange in the same way as it will be more difficult for Russians to find access to international platforms.

ES (S&P500)

The last value of the index is fixed at the level of 4517. The market has been showing growth over the past two weeks. Now it is important to understand whether the index will be able to gain a level above 4400. If so, then perhaps we will still see an update of the historical maximum. If not, then a drop is possible to the level of 4120, and after breaking through this figure, the drop may further intensify. We are waiting.


PA (Palladium)

The last value is 2490. The smooth growth to 2600 predicted by us last week was confirmed by the achievement of the current level. Congratulations to those who participated! Further dynamics are not determined. We expect a good entry point for both buying and selling.


GC (Gold)

The last value is 1921. Those who made purchases of this instrument last week are likely to get stop losses within the break-even. Good levels to buy are 1875 and 1850. We are waiting.


CL (WTI Oil)

The last value is 109.11. Oil still cannot find equilibrium. Apparently, oil will still be in the 110 – 90 price range for some time. There are no confident buy or sell signals. We are waiting.


NG (Gas)

The last value is 5.14. American gas is growing smoothly. Nothing prevents the asset from reaching its previous highs. We are watching.


KC (Coffee)

Coffee goes into an even deeper correction. The next week will be crucial for the asset – either the instrument will be able to gain a level above 210 and continue to grow, or it will break through the mentioned level and rush much lower to the levels of 190 or even 165. We are watching.


USD/RUB

The last value is 105.80. The ruble as an asset is now practically not suitable for trading. Ultra-volatile movements, which mostly depend on the actions (or inactions) of the Central Bank of the Russian Federation and the news background, rather than on economic indicators. It is extremely difficult to predict further dynamics. And as we already know, if there is no clear strategy, it is better to refrain from trading an asset being emotional. We are waiting.


BTC (Bitcoin)

The last value is 42500. Bitcoin is making another attempt to rise above the 46000 level, if everything goes well, then the highs are just around the corner. We are still in the process of buying. We are watching.


HG (Copper)

The last value is 4.70. At the moment we have an average entry price of 4.60. We put stop-losses at the break-even level, we observe.


US, ZB (Futures on 30-year bonds)

Bonds are still under pressure. The last value is 148.20. So we have fallen to the level of 148, which we have been talking about for more than a week. Congratulations to all those who participated! We closed our sale from the 158 level.


DX (Dollar Index)

The last value is 98.50. It makes sense to consider purchases from the 97 and 96.30 levels. We are waiting.


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    23 March 2022
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