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Analysis of financial market

Analysis of financial market

28 September 2023

The main driver of the past two weeks remains the growing dollar index, which has a significant impact on all asset groups such as stocks, indices, metals, currencies of developing countries. Only a couple of assets that continue to grow stand apart – oil, orange juice, meat. 

ES (S&P 500) 

According to the S&P 500, in the last 2 weeks we have seen a natural correction in all American and European markets. The latest value is 4324. The question of where the market will stop remains.

PA (Palladium)

Palladium is trying to test the bottoms. The latest value is 1236. It is very likely that it will move even lower. A significant strengthening of the dollar is also a significant pressure.  We observe without a position.

GC (Gold)

The latest value is 1902. Gold, like other metals, is adjusted on the rising dollar. Without a position.

CL (WTI Oil)

Oil continues its epochal growth. Despite the fact that we have seen a correction in derivative assets such as gasoline and diesel, oil is storming its upper values almost without correction. The latest value is 92.40.

NG (Gas)

Gas is still trying to return to growth. Most likely, it will stay  in the range of 3 – 2.50 for another couple of months. Let’s hope that volatility will return to the market. Levels up 3.5 and 5.0

KC (Coffee)

Coffee showed a good rebound to the downtrend. We managed to sell the asset near the 160 level and buy it back at the 150 level, which brought a good profit. The latest value is 148. So far without a position.


The latest value is 96.60. Apparently, level 100 has withstood. We are still waiting for a correction to the levels of 70-80.


The latest value is 26600. While there is no interest in entering into transactions. Most likely, the flat will continue with a high probability of further decline.

HG (Copper)

The latest value is 3.64. There is no special interest in trading. It is quite possible to further decrease to 3.60, or lower. Again, the growing dollar does not allow metals to raise their heads. We are waiting.

ZB/TLT (30 Year Bond Futures)

The latest value is 89.30. Bonds continue to decline due to the FED rate hike. We observe without a position.

DX (Dollar Index)

The main culprit of the ongoing decline in indices and metals is the growth of the dollar against all currencies. For almost 3 months there has been significant growth without any correction. We are still in the short and expect a corrective movement.

28 September 2023
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