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Financial market analysis

Financial market analysis

17 March 2021

Forecasts of the head of the trading department Valdis Wooldorfs:

ES (S & P500)

The market continues to grow. Targets for S & P500 are the previous high and then 4100, however correction is possible.

PA (Palladium)

Again it is trying to move in a narrow 400-point corridor. If you managed to take in the area of ​​2250/2300, then you can fix the profit.

GC (Gold)

Bought at an average price of 1700 expect 1850, 2100, or even higher. The last value is 1730.

CL (WTI Oil)

The last values ​​are 64.90. Traded sideways all week. At the moment, if it goes down sharply, then the buy levels will not be earlier than 56.5. Selling only makes sense if you are able to exit the position on time and follow risk management.

NG (Gas)

Trying to find the bottom. A rebound to the 2.8 area is possible from the current levels. The last value is 2.56.

KC (Coffee)

It is picking up the pace, yesterday was closed by tangible growth. Recent readings of 134.83 may try to reach the previous local high of 1.40 or higher.


Given the favorable dynamics of oil, the ruble is strengthening and has already approached the lower border of the quarterly range – 72.80. Perhaps we will see a puncture lower to 72, as we said earlier.

BTC (Bitcoin)

Speculators still can’t get enough of crypto-phantics. The maximum has been updated. Buy levels for the week are 48,000, 40,000, 28,000.

HG (Copper)

Copper is trading sideways with the latest reading of 4.05. Purchases not earlier than 3.81.

PL (Platinum)

We bought excellently at the levels of 1130, about which we wrote about the week before last. 50% of the position is closed at this level at 1215. Targets for the remaining volume – the previous high of 1350.

US, ZB (30-year bond futures)

The last value is 155.90. We look forward to a rebound higher to 165.50 in order to try to sell again. Particularly risky can buy at this level and try to get out near 165.5. Don’t forget about stops below the last lower level.

DX (Dollar Index)

Attempts to draw a reversal pattern. Broke up 91.50. The scenario has changed, now it is necessary to gain a foothold above 91.50 in order to continue the growth towards the 93/95 area.

LE (Live Cattle)

The whole week cannot push off and go higher towards our goals – 1.26. The decision was made to exit the position.

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    17 March 2021
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