Good day,

The Russian ruble keeps moving around the level of 130 and forming dojis. The asset might try to pull from this level and the USD/RUB might potentially jump.

Please note that there are three exchange rates of Russian ruble. International exchange market Forex defines the first rate. The Central Bank of the Russian Federation sets the official rate of Russian ruble for the wire transfers. The third and the highest rate of Russian ruble is the spot rate this asset is trading at on the black market. All three rates significantly vary. We are analyzing the rate of Russian ruble being set on the Forex as it is the fairest rate shaped on free market.

Having dropped last Wednesday, Brent oil is about to test the level of 120.00 soon. So far, we feel that oil might undergo correction and approach the supporting level of 97.00.

Forming the double bottom, USDX is heading up therefore U.S. Dollar is getting stronger against other currencies. Now, this asset’s price has approached the upper boundary of uptrend. Hence, USD might undergo correction soon. However, this correction will be limited by the supporting level of 96.50 and the uptrend itself. U.S. Dollar might potentially hit the level of 103.