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Financial market analysis

Financial market analysis

28 October 2020

Прогнозы ведущего трейдера Валдиса Вулдорфса: 

ES (S&P500). Great prices for buying at current prices of 3365. You can try to wait for 3340. However, it is worth remembering that it is better to remain without positions on this asset before the election.

PA (Palladium). The uptrend continues. There is no doubt that the metal will manage to take the previous maximum at 2490 and possibly go even higher to the levels of 2790. At the moment it is correcting a little and if it reaches 2300 from the current 2345, then we can safely take it.

GC (Gold). The longer we stay above 1900, the better the chances of continuing the move up to the previous highs of 2080. In the case of this asset, as with the SNP500, the US elections should be watched.

CCL (WTI Oil). The oil was moving sideways again. The last value is 38.80. Anything outside the 41/36 range will provide food for thought.диапазона 41/36 даст пищу для размышлений. 

ENG (Gas). Gas rises uncontrollably, all in line with our past forecasts, latest 3.30

KC (Coffee). Volatility has completely disappeared from this asset. At the moment, it is holding around 1.06 / 1.07. Makes weak attempts to grow.

USD/RUB. The upward trend has not been broken, for the last 2 days we have seen a significant weakening of the ruble, the last prices – 77.30. It is possible that the currency pair will try to take the previous highs (80.00).

BTCBTC (Bitcoin). Once again, our forecasts turned out to be accurate – the first cryptocurrency after taking the level of 12000 accelerated sharply and actually reached the level we indicated at 14000. The last price is 13650. At the moment it makes sense to take profit, given that from the levels where we recommended to enter the asset has already passed + 30 / + 40%.

HGHG (Copper). The level of 3.20 was taken for copper. However, something went wrong and the market went into a drawdown, the last reading was 3.08. The uptrend continues, it makes sense to resume buying no earlier than 3.00.

PL (Platinum). It is trying to gain a foothold at the current levels of 880, to a greater extent “looks” at the dynamics of other metals.

US, ZB (30-year bond futures). We broke through the level 173.30 we announced, went down to 171.70, while not forgetting about our target of 172.60. They returned to growth at a fast pace and closed in positive territory for the last 3 days. The last value is 174.50. You shouldn’t make global purchases yet, most likely you will have to enter from a sell, the current level for it is 176.60.

DX (Dollar Index) . In the corridor 94.80 – 92 it can be located in blocks, as soon as it comes out, interest immediately appears. The last value is 93.05.

RU.TOCOM (Rubber futures). We would like to draw your attention to the price of a rubber futures traded on the Japanese stock exchange. Over the last month, the asset added + 30%, and over the last 3 months, + 50%. An extremely interesting asset, we will follow it and show you the entry point in a favorable period.

Experts of Aravana Capital Management with many years of experience will create for you an individual investment strategy based on your wishes.

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28 October 2020
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