Technical Analysis &BRENT/RUB : 2015-12-30

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Trading commodity currency Brent crude oil price chart (ruble denominated) has severely deviated from its 200-day moving average line for the 6th time in 12 months. Previously it was in retrogressive movement. In the two last cases, end of October and mid-November, it has not yet reached its middle line but showed several days of strong growth. Not the chart has reversed to the upwards again. Will the prices continue its way up? The ruble is dependent on oil prices as the share of fuel and

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