It feels as if we will move sharply higher coming weeks. Oil is still very steep and situation still same and resolving with the ongoing war. Financial markets are kind of used to it, but the costs of it will be high Russia and even though it corrected, this will not last long. The RUB will weaken and this will drag other currencies around the area as well.
For now I feel we can have a BUY strategy but small as cost of carry is high. For medium-term strategy I prefer wait and see higher levels to SELL @ 115.50-16.50 for a move back to 10.50 - 9.00.
For now I feel we can have a BUY strategy but small as cost of carry is high. For medium-term strategy I prefer wait and see higher levels to SELL @ 115.50-16.50 for a move back to 10.50 - 9.00.