A very advanced playing field in commodities and commodity currencies and with offshore sharks on the sell side in USDRUB there is a lot more room to go. The highs at 63.50 will act as strong resistance while to the downside initial targets located at 62.7x, 61.5x and the final swing clear at 60. This is the same levels from the previous diagram:
No surprises sellers were fired up and ready to act again. There is a lot of room to the downside should we find a bounce into March for Oil. Happy to sit short and looking for a technical break with the NY open.
Good luck all RUB bulls, as usual thanks for keeping the likes, comments and charts coming!