Oil and Russia.....
Looking at the white chart, the Light Sweet Crude contract, I see $105 as support. We are approaching that.
Looking at the black chart, the USD vs. Russian Ruble, we are starting to show resistance at the 50% retrace level on the 4 hour chart.
I smell a possible trade coming........on the close of the candle, I will access the situation and if we get a nice shooting star, I will sell a break lower as it is with the trend too!
Looking at the white chart, the Light Sweet Crude contract, I see $105 as support. We are approaching that.
Looking at the black chart, the USD vs. Russian Ruble, we are starting to show resistance at the 50% retrace level on the 4 hour chart.
I smell a possible trade coming........on the close of the candle, I will access the situation and if we get a nice shooting star, I will sell a break lower as it is with the trend too!