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Financial market analysis

Financial market analysis

16 March 2022

Last week, the main attention of investors and speculators was focused on oil, petroleum products, the situation with the Russian stock exchange, as well as the inability to open accounts for Russian residents with foreign brokers. Perhaps in the future, non-residents will face the problem of trading on the Russian stock exchange in the same way as it will be more difficult for Russians to find access to international platforms.

ES (S&P500)

The last value is 4260. The market is weak. Perhaps we will see a growing market. But there is no certainty that it will last long. We look closely. We are waiting.


PA (Palladium)

The last value is 2460. After the rapid taking of its past absolute maximum, an equally sharp correction followed. In a week, the value of the asset changes by more than 30%! It’s been a long time since we’ve seen such volatility. A smooth increase to 2600 is possible, but it is better to wait for a more reliable signal. Neutral. We are waiting.


GC (Gold)

The last value is 1914. Gold is about to try to return to growth again. The current correction is coming to an end. Especially impatient, I can recommend buying here with a short stop.


CL (WTI Oil)

The last value is 98.65. Against the background of geopolitical tensions, the price of this asset is changing by leaps and bounds. At the moment, we have been returned to the levels from which it all began, namely – 90. We will observe, at the moment there are no worthwhile signals.


NG (Gas)

The last value is 4.73. American gas once again gives entry to those optimists who believe that the previous highs will be broken. Such a slow swing can really lead to sudden growth. We are watching.


KC (Coffee)

Coffee has been moving in an uptrend for more than a year, but now we are seeing quite a serious correction. It is quite possible that the asset will return to growth again. We are watching.


USD/RUB

The last value is 108.50. If the ruble is not the most volatile instrument in the world at the moment, then it is certainly the most volatile currency, and it is not surprising, given the current situation. We would not recommend speculating on this asset at this stage. The movements are too fast and everything is too heavily politicized. At the moment, the second scenario has worked – a further correction to 110. We are waiting.


BTC (Bitcoin)

The last value is 39800. Bitcoin is trying to push off and go higher, but the general situation and the latest correlation with the stock market does not allow it to go higher yet. We are watching.


HG (Copper)

The last value is 4.58. So we have reached the transaction in this asset. Recall that for the last six months we have had no transactions in this asset, because it was standing in the corridor and did not represent much interest for trading. At the moment we have an average entry price of 4.60. We are watching.


US, ZB (Futures on 30-year bonds)

Bonds are still under pressure. The last value is 151.20, there is a chance to reach levels 148. We are on sale from level 158. As for bonds in general, the picture is that the markets are already laying the raising of rates, therefore, the price of this asset will continue to go down (the value of bonds is lower, the yield is higher).


DX (Dollar Index)

Having successfully closed our purchases from the 95 levels, we are watching the further development of events. At the moment, the asset is not of interest


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