It' been a tough year for the Russian Ruble. The currency has lost almost 50% of its value against the US Dollar. Russia's invasion of Ukraine triggered western sanctions on its oil and banking sectors. But most importantly, oil fell by 1/3 this year. Over 50% of Russian budget is filled by oil&gas revenue. November was espeically bad with the Ruble losing 16 percent and the move going parabolic.
Such parabolic moves usually indicate that a top may be near. I expect oil prices to stabilize in De…
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