RTS – strong resistance
"The presidential election and the formation of a subsequent course introduce uncertainty in the market."
The difficult historical period that the Russian Federation is going through carries risks of methods and ways of adapting politics and economics to the goals set by the ruling party. Priority may be given to achieving political goals at the expense of economic development and democratic values, which introduces nervousness in the market.
TAKE PROFIT
The RTS index has approached its resistance for the third time, which has been forming since the end of November. The pattern of movement of the index from the end of February to the middle of March looks more like a rebound, rather than a systemic growth. We believe that the RTS index will decrease to the level of 109,000 points, which is minus 5% from the current level of 114,500.
STOP LOSS
Do not forget about risk management. If the index is fixed above 117,000, the scenario with a further decline is canceled. The stop order[1] can be placed at 116,500 (+1.7% of the current level of 114,500).
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can contact our trader for advice (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
