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Financial market analysis

Financial market analysis

9 June 2021

The forecasts of the head of the trading department of Aravana Capital Management Valdis Wuldorfs:

ES (S & P500)

No matter how many bears try to sell the market, buyers don’t give up and drag the market up again and again. The last value is 4227. Most likely they will try to rewrite the last maximum again.


PA (Palladium)

Purchases should start no earlier than at 2760, 2650, 2500.


GC (Gold)

The rollback occurred, but not to the levels of 1850/1800 that we announced earlier. The bottom of the rollback was 1855. There is a possibility that gold will try to go lower again before updating its historical highs.


CL (WTI Oil)

Oil continues to move uptrend. All the last levels are taken. We are watching.


NG (Gas)

The last value is 3.125. Most likely it will go higher, but it’s too late to make purchases.


KC (Coffee)

The last value is 158.13. Without positions, we are watching. Overheated, can bounce sharply to 141 or even 136.


USD / RUB

The ruble broke through its previous highs and reached the level of 72.30. It is worth buying up to now.


BTC (Bitcoin)

Bitcoin has been declining all week. The market has changed and now it is extremely risky to buy. The levels of 28000, 20,000 are looming on the horizon, and this indicates a further decline.


HG (Copper)

The last value is 4.54. The copper market is finally correcting. Further purchases no earlier than at 4.40 and 4.20. But you need to keep in mind that even with a longer correction to 4.00, it will still be a growing market.


PL (Platinum)

We have been holding the position for a week. Platinum is drifting sideways, we are still waiting for the 1350 levels for 50% of the remaining position. At the same time, there is a breakeven at the entry level of 1130. At this level, you can buy if there is no position.


US, ZB (30-year bond futures)

154 and 160 levels to watch out for. The whole week it is unclear where it will go. Volatility is falling, and we know that this leads to a surge at a certain point.


DX (Dollar Index)

The last value is 90.10. If the 89.20 level does not hold up, then we will see a sharp move lower to 88.20, and possibly even lower. We are watching.


ZO (Oats Futures)

Everything happens exactly as we wrote, the first and second goals are achieved! Congratulations to those who participated!


ZW (Wheat Futures)

For wheat, the first target at 700 is fulfilled, we are waiting for 760, breakeven at the entry point.


9 June 2021
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