Ruble Forecast: Potential Drop Ahead?

Good day,
Having tested a very strong psychological level of 80.00, the Russian ruble is undergoing correction. The price of USD/RUB should drop although it might recover next to the level of 76.00 and uptrend, and jump. So far, the correction is ongoing.

Gold has approached the daily uptrend and supporting level of 1780. The price of gold is likely to jump till the level of 1840, however, the asset might also break this level and drop. So, it is worth observing what is going to happen next.

Oil is targeting the level of 96.00 away from which it might drop. Pulling back from the resistance at the level of 96.00, oil might also jump depending on the situation in the market.

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 72% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.