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Financial market analysis

Financial market analysis

11 March 2021

ES (S & P500)

The market continues to grow ahead of the final adoption of Biden’s $ 1.9 trillion bailout. It’s fair to say that the NASDAQ-100 is doing much worse. I would be wary of further growth. Although, if upward, then the targets for the S & P500 are the previous maximum and then 4100.


PA (Palladium)

Again trying to move in a narrow 400-point corridor. 2210 can resume purchases.


GC (Gold)

This is the first day of growth. The idea is the same, we need to pick up gold here and try to stay up to 1850, 2100, or even higher.


CL (WTI Oil)

Recent readings 63.80. Finally, we see at least a minimal correction. At the moment, if it goes down sharply, then the buy levels are not earlier than 55. It makes sense to sell ONLY if you are able to exit the position in time and observe risk management.


NG (Gas)

Our minimum stop at 2.7 has been triggered on gas, while it seems too early for it to rise again. We wait.


KC (Coffee)

After its last correction, it is trying to pick up the pace again, yesterday is closed by a tangible increase. The last readings of 131.65 may try to reach the previous local maximum of 1.40.


USD / RUB

Quotes of the ruble, like the entire Russian market, are squeezed into a tight spot and are not allowed to move no higher or lower. We already know that such a situation is fraught with a serious way out in one direction or another. We are watching.


BTC (Bitcoin)

Cryptocurrency is still trending. It makes further attempts to update the maximum. The last values ​​are 54300. We are still waiting for a deeper correction. Buy levels for the week are 42000, 36000, 20,000.


HG (Copper)

Copper continues to decline, the last reading is 4.01, purchases are not earlier than 3.76.


PL (Platinum)

Great purchases at the 1130 levels we wrote about last week. Targets the previous high of 1350.


US, ZB (30-year bond futures)

The last value is 158.10. We look forward to a rebound higher to 166.50 in order to try to sell again. Particularly risky, you can buy here and try to get out near 166, but do not forget about the stops below the last low.


DX (Dollar Index)

Attempts to draw a reversal pattern. Broke up 91.50, the scenario has changed. Now we need to gain a foothold above 91.50 in order to continue to rise to the 93/95 area.


LE (Live Cattle)

All week cannot push off and go higher towards our goals – 1.26.

11 March 2021
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