BRICS will include s...from Сергей

04 Oct 2023, 12:02 · Views 488

BRICS will include six new countries in 2024 - Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. After six new countries are admitted to BRICS, the group will have access to 44.35% of the world's oil reserves. BRICS will now weigh $30.7 trillion, or 30% of the world economy.

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Continued... Oversold and overbought RSI ranges from 0% to 100%. It is believed that if the indicator climbs into the zone above 70%, then this or that asset will rise to the overbought zone. This means that the price of the goods is too high, and a correction should begin soon. Accordingly, if the RSI falls below 30%, then we enter the oversold zone. This indicates an unreasonably low price of the instrument and is a harbinger of an early growth.

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RSI Question! Relative strength index (abbreviated as RSI) or “relative strength index” refers to a group of oscillators. This means that its main purpose is to measure price fluctuations. Standardly, RSI is calculated for 14 days. But it is not a direct indication of action when trading. You can easily change it to whatever value you want. Some prefer the shorter 5-day RSI, while others prefer the longer 25-day RSI. It all depends on your trading style.

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Don't miss the moment! Against the backdrop of growing inflationary expectations, as well as the lack of alternatives for investors, the Russian stock market will grow. The best options for retail investment are Sberbank, Surgutneftegaz , Norilsk Nickel, Phosagro. In the oil and gas sector - Lukoil, Tatneft and Rosneft. This sector will benefit from the growth of Brent quotes and the reduction of the discount on Russian oil.

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Bitcoin is currently going through a stage of "disbelief" or "rally of losers", the next step is "hope" for the price to recover, possibly to $50,000 or more by the end of 2023. We wait!

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