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October 16, 2024 Yesterday, the MICEX index closed the day with another green candle. From the very beginning, the index tested the upper resistance zone (today 2772-2769), and then went higher, reaching two local resistance levels (2786 and 2799 as of this morning). If we hold the local resistance we took, the growth will continue with the nearest targets of 2850 and 2934, with 2850 being an important level, and consolidation above this level should finally confirm the bullish reversal in the market. Cancellation of the scenario is still a profit. A retest below the subzone of the main support (currently the 2749-2737 zone). Until this happens, we will wait for further growth and the achievement of our goals. Interestingly, banks were closed between significant resistances, the oil industry regained a lot of value and closed at the control level, telecommunications were closed just above the control level, and retail was closed. When it bounced off resistance, the rest of the sector just went up. The RGBI index painted a red candle but rallied shortly after. What’s happening: CP is rising and is expected to continue rising. Today’s targets are 6051 and 6243, support levels are 5589 and 5352. Before this breakout, we are looking for further gains and reaching our targets (today – 1.0926 and 1.0896). I am testing this below. The bounce pushes the pair lower, immediate targets are 1.0769 and 1.0718. A bounce through a retest above support will allow for a resumption of gains towards immediate targets at 1.1035 and 1.1095. Gold has bounced above the resistance level at 2666. Take a look at the test above. The bounce gives a signal for further gains. A retest below could take us back to our immediate targets at 2610 and 2576. Oil tested the upper zone from below, then broke the support zone (currently 75.39 and the 74.88-74.69 zone) and is now testing the lower zone. A rebound would signal continued decline to immediate targets at 73.61 and 73.07 with a break of retests at 70.91 and 66.8 to retest the top and get back above support. We have room to extend the gains to our immediate targets at 79.8, 80.74 and 82.8. The yuan clearly tested support higher and closed higher. We are looking for continued gains here with immediate targets at 13.731 and 14.03. Cancellation scenario – breakout through retest of 13.51 – in this case, expect a decline to the nearest targets of 13.3575 and 13.136. Conclusion: we are looking forward to attempts to maintain growth. The goals and conditions for canceling the scenario are listed above. Friends, if you liked my analysis, thank you for the “Plus” for clicking “Like” under the article.