Ruble Targets the Key Levels: What’s Next?

The Russian ruble is confidently approaching the supporting zone formed between the key levels of 71.50 and 72.00. The asset might reverse and head north from these levels.

Gold got back under broken downtrend, trying to close the trading day with a bearish engulfing. The asset is most likely to drop soon.

Brent oil broke the pennant. The asset is currently approaching the resistance area formed between the levels of 77.82 and 76.50 away from which it might temporarily drop. It would be wise to observe the price movements because oil might break the resistance and jump.

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.