Planning this trade for long time. Buy at $38. Target $45.
D: RSI in OB, after nxt rebound, targetting next fibo ext. w/ possible top of channel in 1.618
Falling wedge Bullish Pattern Forming for $RUSS
Both russian economy and the ruble are vulnerable of bearish oil(low prices on oil affects negatively the russian economy) and strong dollar. USD.RUB likely to go up in the next couple of weeks/months. This is because Troika, led by big HF managers like Soros & co., wants what they always wanted. weak russia. When Soros mentions WW3 here... www.zerohedge.com ......
I don't believe crude oil and the Russian ruble are always correlated. This is main regards to a long position I have on RUSL.