At the beginning of 2023, the General Directorate of the Land Cadastre of Tur...
Forecasts of the head of the trading department Valdis Wooldorfs:
ES (S & P500)
The market has been declining for the last three days. Most likely, the fact is that at the last meeting of the FRS the rhetoric changed, the first prerequisites appeared that rates would still be raised, and possibly earlier than previously expected. It’s too early to talk about a global sale, but you should also weigh your purchases. You need to be prepared for the fact that the market can calmly go down to 3600 or 3400 from the current 4130. It is clear that not in one week, but there is such a scenario.
PA (Palladium)
In general, the market stood still all week, but managed to run 180 points lower, as we said last week. There is not much strength to go further, perhaps the asset will be stuck here for some time.
GC (Gold)
Last week, gold broke through the 1800 level and is trying to gain a foothold above. The last value is 1834. Locally overheated and most likely the whole next week will be in the range of 1800-1840.
CL (WTI Oil)
Oil continues to move uptrend. Level 66, which we talked about earlier, has already been taken, it remains to reach the previous local maximum – 68.
NG (Gas)
The whole week it was trading sideways in the area of 2.90-3.00. It looks like it will try to quickly dive lower to 2.85-2.80 and then up again. We are watching.
KC (Coffee)
The last value is 147.90. A new local maximum of 153.50 was set during the week. The asset is trying to “catch up” with the rest of the raw material assets, perhaps the growth is not over yet.
USD / RUB
The last value is 74.75. Practically without any movement all week. We wait.
BTC (Bitcoin)
The opinion of experts on bitcoin diverges as never before, many predict further growth to 70, 100, 150, 500 … (underline the necessary) thousand, some are inclined to believe that the current rise is about to end, while the asset itself has been in narrow corridor. Without positions, we are watching.
HG (Copper)
The last value is 4.81. A new all-time high has been taken. Over the past year or so, the asset has increased by 250%, without a single correction. The market is overheated as much as possible, but continues to go higher and higher. Further purchases no earlier than at 4.20.
PL (Platinum)
Platinum is drifting sideways, we are still waiting for the 1350 levels for 50% of the remaining position, while it stands without loss at the 1130 entry level.
US, ZB (30-year bond futures)
Bonds peaked exactly to the level that we had identified a month ago – 160 and began to decline sharply. To our great regret, we did not have time to place pending sell orders, so we simply observe a decline in the asset.
DX (Dollar Index)
The last value is 90.26. At the moment, two levels above 91.50 and below 89.30 are important, everything inside should be considered as noise.
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