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Financial market analysis

Financial market analysis

27 January 2021

S&P500

No movement, no volatility. The last values ​​of 3846 are pairs of points from the historical maximum. The reporting season kicked off a week ago. Traditionally, the market stands still for the first 3 weeks. No positions.


PA (Palladium)

Trading takes place in a narrow range of 2500/2200, the last value is 2335, in general, given that we have some kind of uptrend, you can try to buy here with the targets of 2500.


GC (Gold)

We have not yet seen a retest of the last local minimum at 1770. There is sluggish trade at 1850. No positions.


CL (WTI Oil)

Oil has been trading sideways all week. The last values ​​are 52.75. Correction is ripe. At the moment, if it goes down sharply, then the buy levels will not be earlier than 46.


NG (Gas)

Trading under the current contract in the range of 2.80 – 2.30. As it goes beyond this range, it will be possible to open deals. The last value is 2.63.


KC (Coffee)

About 125 has been traded for a month already. Further dynamics is unclear. No positions.


USD / RUB

The ruble has gained amplitude and may try to go to 72. If oil holds at current values ​​for a long enough time, the deal has rather weak chances, no more than 60/40. Most likely, the sideways movement in the area of ​​74 will continue until the first serious oil movements.


BTC (Bitcoin)

Draws a classic triangle, in which usually (70/30) the exit goes in the direction of the previous movement. In our case, it is upward, but I would not recommend buying at this level if you did not manage to jump in the 31,000/32,000 area. Globally, it makes sense to make major purchases not earlier than the previous maximum in the 20,000 area. Daily buy levels are 27800, 23800, 20,000.


HG (Copper)

Stable high. We are waiting for a correction at 3.45. The last value is 3.61.


PL (Platinum)

When correcting up to 1015, you can take. The last value is 1100.


US, ZB (30-year bond futures)

They are trying to find the bottom and bounce to 171.5, at this level it will be possible to open the short again. The last value is 170.


DX (Dollar Index)

It remains a little down to a minimum of 2 years – 88.30, most likely we will go there. The last value is 90.16. All week I tried to grow back, but it is all too obvious that it will still reach the levels of 88.30.


Aravana Capital Management provides clients with profitability even during downturns in the global equity and bond markets.

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