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Technical Analysis &BRENT/RUB : 2015-10-22

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Trading commodity currency Brent crude oil price, ruble denominated, has deviated significantly for the 4th time from its 200-day moving average (MA). Last three times it returned back to the MA. Will it happen once again now? The share of fuel&energy goods in Russian export is 65% which is quite a lot, according to Federal Customs service of Russia. This explains the high dependence of the Russian ruble from the global markets oil price. The cheaper oil makes ruble lose its value against

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