Ruble Forecast: Potential Reversal Ahead!
Good day,
Last Friday the Russian ruble formed a white candle, signifying a potential reversal and jump. This might happen even though the asset didn’t test the supporting zone between the levels 71.50 and 72.00 just yet. We feel that the Russian ruble might target the 74.00 level next.
Gold has approached the level of 1750.1. It might either jump or break this level and drop. All in all, let’s wait for the markets to open and see what is going to happen next.
Oil might form a flag, break the level of 77.82 through, and jump. Although, it might also pull back from the level of 77.82 and drop. So, the candlestick formations would be wise to follow.
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