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Economic Digest 01/17/2021


The dollar / ruble pair fell last week and closed at 73.645. In the medium term, the pair may be in wave 3 of the terminal diagonal triangle with 86, which is C in flat. Long-term markup options are here. The RTS index rose and closed at 1474.28, there is every reason to believe that it has already completed wave E of the triangle since 2008 (long-term counting here, medium-term counting here). The Russian government bond index (RGBI-tr) fell to close at 616.79. For more details, see the Weekly Results program.

World markets

Oil I believe that the lows of the 4-year cycle have already been established and the long-term upside reversal has occurred. The number of operating towers in the US increased from 275 to 287. The net volume of long speculative positions increased by 9,100 last week, from 518,600 to 527,700. In my opinion, there is a third wave from the April lows. The week closed with WTI – 52.04, Brent – 55.

Euro / dollar (EUR / USD) finished wave A in a circle at Y (counting here) in the long-term counting, and is moving in wave B in a circle at Y. The close of the week is 1.20743.

S&P Index Futures finished flat correction (markup here). Now the first wave of the upward impulse is over, the second is coming. Closing of the week – 3746.25.

Gold is in wave B in a circle (in a flat correction) in the long-term counting (there is a possibility that it has already completed it). Its wave B (or X) was a triangle, and it is already moving in wave C (or has finished it, the mid-term counting is here). Closing of the week – 1828.13.

Bitcoin is either in 3 in 3 in 5, or in 1 in 5, in the near future I am waiting for a medium-term correction (it may have already begun).

RUH666 (founder of ryukhism)

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