Oil Price to Fall, USD/RUB is on The Rise
Good day,
Russian ruble should drop and face resistance at the level of 73.35 soon. However, in case of flag formation, the asset’s price might move only slightly, and then jump again.
Oil keeps targeting the level of 75.50 to no avail. The attempt to break this level ended up with formation of bearish engulfing, which signifies potential drop. An interesting pattern might form on the daily chart soon, therefore it is worth waiting to see what will happen next.
Gold is slowly approaching the resistance zone formed between the levels 1840 and 1855. It would be interesting to see how this situation evolves.
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