Synergy short
Updated
As we can see, we are seeing a good synergy between fundamental and technical analysis. The dollar is go down, while oil is go up, these are positive signals for rise up the ruble (even if we skip a Credite Suisse research). Technically I drew a gartley, and you can also see a fractal fall similar to the one we saw in 2015-2016. And here I'm not talking about of breakout the local support line.
I anticipate a move down towards 66 (technical indicators show us this) for a set of longs.
However, do yourself due-diligence and good luck with that!
I anticipate a move down towards 66 (technical indicators show us this) for a set of longs.
However, do yourself due-diligence and good luck with that!
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The Economist did make some calls at non-russian exchanges and asked those how can make a deal with russian ruble, and all of exchanges answered that they're don't work with the ruble at this moment and has no way to exchange the ruble on the other fiat currencies.However, although fog of war do make us look to the future with pessimism and anxiety, I guess this situation (with the strengthening of the ruble) is not constant and ruble will go down in long-term, and THIS is the situation already will be a constant while Russia's strategic goals will not change.
Well, target is reached and I'm expecting the final long squezze in the next two days. I'm starting to buy.
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