USDRUB - No brainer for long term Rubble bulls

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There is no much to think about if you are long term Forex investor. Russian currency have never been so cheap before and will not stay here for long. After Ukraine crisis is over and the pace of sanctions had calm, we can expect speculation and investment to come back to Moscow to carry on as usual. This is the most powerful country on this globe. Its currency is poised to be in good shape. Build up short positions from current level, think long term . Put your trades on and ad to it on every lower top until the price gets to 5yrs average.
You guys focus to much on politics. But the real issue here is the price of oil.
+3 Reply
tigrand1 JohnKeverich
i think it's both.
I second it, just look at Crude correlation.
+1 Reply
See what just happened? OPEC announces that no supply cut is coming and the Russian currency tumbles. Some powerful country here. lol

The good news is that WTI is now trading at $69 and $60 seems to be the absolute bottom. In fact I expect a bounce at $68.
dp JohnKeverich
What are your WTI expectations of $60 and $68 are based on, please?
Technical analysis. For example, see here:
Last bear phase?, vertical channel
+1 Reply
dp JohnKeverich
Thanks John, didn't look at CL1 for a long time!
And here, would be more of short entered
Ehh... think long term, go russia.. there is no ukrain crisis anymore. They handled that and threw the pro-russian president. Now its just a russia-crisis. I mean, now its just russia. Again.
Interest rates risen to 17%. This is once in decade opportunity to own this currency.
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