Ruble on the Verge to Break the Level of 72.30: What’s Next?
The Russian ruble was trying to break the level of 72.30 on Wednesday. However, the asset managed to slightly break the level and pull back. So, there is a chance that a bearish trap might still form. This situation should sort out in the end of this week or maybe even on Thursday. Should the asset manage to fully break this level, it might target the level of 70.50 next.
The price of oil remains above the broken resistance at the level of 71.30. It might signify the potential jump from the current market price anytime soon.
The US stock index S&P500 is moving below the level of 4238.25 without trying to break this level up. The asset’s price might slightly correct and drop, but not too much.
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