2 Clear Action Points....the area between these points seem to be neutral
Comment
⋅
Comment
⋅
Comments
paletz
⋅
Yeah, great analysis, as usual MaryJane))
I have a few thoughts though I would like to share. You see RTS is denominated in US dollars and Rouble has strengthen this week due to the rising oil price. If you look at MICEX, the same index but in roubles, you will see a bit of decline. We even broke below the previous low. So I am not sure if we are bullish in the short run. If oil has a retracement next week, and it is likely the case, so will Rouble, then we won't have a breakout soon. But I am positive in the long run, though. MOEX has been a bit edgy this week, didn't like it)))
I have a few thoughts though I would like to share. You see RTS is denominated in US dollars and Rouble has strengthen this week due to the rising oil price. If you look at MICEX, the same index but in roubles, you will see a bit of decline. We even broke below the previous low. So I am not sure if we are bullish in the short run. If oil has a retracement next week, and it is likely the case, so will Rouble, then we won't have a breakout soon. But I am positive in the long run, though. MOEX has been a bit edgy this week, didn't like it)))