Using my SMA strength indicator and placing a MA-9 period, suggest we may see an upcoming spike.
I understand the market is quiet, and is kind-of controlled. The fundamentals have not changed, and OIL higher again and weakening slightly of RUB. I feel this scenario suggest we should see higher levels 15.50-16.50 before we attempt moving towards 10.50 - 9.00.
Strategy is SELL 15.50-16.50 or its an adding of an existing short @ 14.50-14.75.
I understand the market is quiet, and is kind-of controlled. The fundamentals have not changed, and OIL higher again and weakening slightly of RUB. I feel this scenario suggest we should see higher levels 15.50-16.50 before we attempt moving towards 10.50 - 9.00.
Strategy is SELL 15.50-16.50 or its an adding of an existing short @ 14.50-14.75.