Situation actuelle

May 11, 2024 On Saturday, the MICEX index closed with a green candle, maintaining the upper support levels (2560, 2541 (main), 3509, 2492 (preliminary) today) and continuing the upward trend. Since the deal was not real, the result, however, may raise questions about the deal. The rebound that continued in the evening reached the nearest local resistance (morning - cluster zone 2609-2620), waiting for the current zone to close. : The rebound will return us to the key support levels. Retesting and breaking through the zone gives you the first timid opportunity to continue the growth to the next target: 2668 (EMA233 per hour), and in case of failure. Retest the key resistances at 2740, 2757 and 2772.

The local downward wave at 30.10 has ended and the market has moved into a rollback. Either this could be a reversal (in the case of ABC, which has reached a recent maximum), or another wave awaits us in this structure, but the 03.09 level has not been updated.

A more dire scenario would see wave C start at this year's high and target around 2150-1950, but we currently view this as unlikely.

The plan remains the same. Failures due to retesting of primary and backup support are a dangerous sign of a serious decline. Until that happens, the market still has a chance to start a reversal, rising from the current support zone.

Interestingly, all sectors are trading unchanged, and the RGBI index painted a red candle, but did not update the stock price.

Nearby attractions:

Although the consumer price index has fallen, it is still growing, so further growth is expected. Today's targets are 6123 and 6273, support levels are 5662 and 5386, we expect further growth and reaching the targets until they are broken.

The eurodollar has bounced off resistance (currently 1.088 and 1.091) and may return to support at 1.0786 and 1.070, which may have already been broken this time. Reversal scenario (retest of current resistance and breakout). In this case, the rise will continue to 1.1041.

Gold has overcome the resistance at 2800 and may continue to fall near the nearest targets of 2709 and 2666. Cancellation of the scenario - collapse with a retest of 2800. In this case, continued growth is expected near the nearest targets of 2828, 2845 and 2901.

Oil has returned to the key resistance level at 74.83 and is trying to break above it. We are monitoring the situation. A rebound could push the price back down, with immediate targets at 72.35 and 70.44. A break through the retest of 74.83 would signal that the rally will continue towards targets at 79.12 and 80.12.

The yuan continues to try to rise. Today's growth targets are 13.96 and 14.03. Scenario cancellation - Breakout due to retest of major support at 13.36. In this case, the decline will continue with the nearest targets at 13.15 and 13.012.

Conclusion: We are waiting for the local resistance to resolve. A rebound will send us to key support, and a breakout via a retest will give us an opportunity to continue the growth to the next target.

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Источник: sMart-lab.ru - Блоги Инвесторов, Форумы по акциям, Котировки