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The article titled "Oil firm, stocks wobbly after short-lived Russian mutiny" discusses the short-lived mutiny by Russian mercenaries that occurred over the weekend and the implications it had on the oil and stock markets. While oil prices bounced back and the rouble dropped to a 15-month low, the MSCI AxJ index touched a three-week low and the yen strengthened. The mutiny raised questions about Russian stability and crude supply, but investors were hesitant to draw any further conclusions.
The implications of the mutiny are both positive and negative. On the positive side, it has revealed the fragility of the Russian government and the potential for political change. This could lead to improved stability and better economic prospects for the country. On the negative side, it has raised questions about the reliability of Russian crude supply and the potential for further instability.
Ultimately, the short-lived mutiny is a reminder of the importance of political stability and the potential for disruption in the global markets. It also highlights the need for investors to remain vigilant and to be prepared for sudden shifts in the geopolitical landscape. While the implications of the mutiny are still unclear, it is a reminder that markets can be unpredictable and that investors should be prepared for the unexpected.
(https://www.reuters.com/markets/global-markets-wrapup-2-2023-06-26/)
What implications does the abortive mutiny by Russian mercenaries have for global geopolitical risks?
At the beginning of March this stock had a local high at .49, just getting rejected at half a dollar before tumbling down to 13 cents. Since then it has been gaining momentum has a very good chance at breaking out next week or the week after. I have been currently eyeing the .27 as a crucial resistance for $RECHF and waiting for it's increased volume. If it closes above this resistance and turns it into support, I would be expecting some sort of pop. Definitely one to keep an eye on and always remember to take profits! Here is $RECHF's chart on the daily if anyone is interested!
https://preview.redd.it/3cb9oto3498b1.png?width=1601&format=png&auto=webp&v=enabled&s=b73c52675892698256a797a8f1b8bf15d498ab67Communicated Disclaimer: Not financial advice whatsoever :) here are some stock quotes and info: 1, 2,3,4
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