timwest

Russian Ruble, Crude Oil, Gold, Russian Stocks since February

1/R61!  
1/R61!  
393 8 10
Brutal losses in all things Russian since the Ukraine:

Ruble             off 44%

Gold             off 10%

Crude oil             off 33%

Russian Stocks off 25%

The markets are voting....

Tim 12/1/2014 3:47PM EST
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timwest PRO
2 years ago
Tbonds up 15% since then also... more "relative losses"
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timwest PRO
2 years ago
US stocks up 12% since late February also -
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AlphaxRx
2 years ago
The double whammy in crude and gold really battered the russian ruble and market. The inverse relationship is apparent as you overlay the charts. If gold and oil starts to rebound, russian ruble and market may get some traction in the short-term.
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Amazing daily action on the Ruble today. Those long tails can sometimes indicate a reversal?
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AlphaxRx Crinklebine
2 years ago
Catching a knife as some may call it. Large move typically takes some time to consolidate before moving in other direction.
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Crinklebine PRO AlphaxRx
2 years ago
A way to play a tail is to wait for a 50% retrace of the tail. Stop is a daily close above the tail. So if it retraces to about 52 then buy Rubles. If a daily close is above 54 then cover. I would like to know what a potential catalyst would be though. Putin would have to give back Crimea??? As you say, it is catching a knife scenario. Just brainstorming on here.
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tompower AlphaxRx
2 years ago
I try to catch that knife and I got cut and I am still bleeding can you give me an idea where the floor for oil is.
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timwest PRO
2 years ago
Massively, bleeding Russian financial condition.... there is plenty of Blood In The Streets. The world is voting against Putin strongly.
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