News shows Putin's party probably won parliamentary elections in Russia The Russian MICEX index rallied from 200K at the bottom (March 2020) to over 400K (Sept 2021). The index put in a small bearish shooting star last week. Confirmation would be if it broke the rising uptrend connecting lows of past few months
Bullish pattern on the 1-5 min but careful for taking longs because the market still is in a downtrend looking weak with weak earnings especially top-line
"By the time you come to, you're gonna need a new haircut" - Gary Bertier, Remember the Titans. Russia looks like it is setting up for another wave down. Kinda hard to grow when the economy is cutoff from the world. The Ruble is also getting trashed (has been for decades), despite some "professionals" pumping lies about the ruble being "so strong" in 2022.
A small idea formed on the basis of the "triangle" pattern
If Russian Stock Market (MOEX, RTS) won't go down in january-february the road is open to a 50% gain. Remember i am not your financial advisor. You are at your own risk. This is not an investment advice.
A new minor high is due in the next couple of weeks. The Russian market will be lifted by the last bullish wave worldwide. Then the downtrend will resume. 7 months to form 1-2-1-2, means at least another 7 months to hit the low. It's not about Russia: the crash will be a worldwide affair. It will be destructive, will take its time to make the markets suffer, and...
Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4
There is no head and shoulders in four hour time frame so far: supposedly head is equal to left shoulder height and the right shoulder is getting shaped on low volume. I am neutral on this chart pattern, just publishing FYI
If USDRUB breaks out triangle resistance line on four-hour time frame, next target supposedly should be 79? I am neutral though on this pattern, just publishing FYI
Ruble falls in the wake of the decline in exports from Russia. I expect 80+ rubles for 1 euro in January.
According to my chart analysis , GAZP GAZPROM Show strong signal to buy , buy max as you can .
I expect up to 30% gains on Natural Gas future contracts in the next periode.
Seems like the ascend in USDRUB futures is about to form a local top and we are likely to witness a corrrection. Levels, timing and shape are very notional and will be updated as the correction unfolds.