Russian Ruble Hits the Bottom, Gold Jumps
Good day!
The Russian currency reached the level of 64.00 last Friday, which represents the broken neckline of double bottom. So far, we assume that Russian ruble should pull back, making the USDRUB currency pair jump till the level of about 65.55:
Based on the latest reports by COT CFTC, it seems that large operators are going short when it comes to the Russian ruble, pushing the net long position (Long-Short) into the negative zone:
Gold strongly pulled back from the uptrend, closing the trading week with a white candle and signifying the potential jump. Gold is quite likely to reach the level of 1600 anytime soon:
Oil has closed the trading week with a long black candle, entering the downtrend. In principle, oil can potentially drop till the level of 50.50:
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