Ruble Stays Flat, Oil on the Rise!
Good day,
The price of the Russian ruble remains the same, following oil. We feel that the asset might jump away from the supporting zone formed between the levels 71.50 and 72.00.
Gold went under the broken level of 1751.10, remaining still. In principle, gold has the potential to jump so let’s wait and see what is going to happen next.
Oil remains at the broken resistance level of 77.82, showing signs of a potential rise. Thanks to the short-term uptrend and upcoming heating season, oil might eventually jump.
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