Since about 2013 Gazprom trades laterally in relation to 1-year mean, giving abundant opportunity to take mean revertion trades.
Mean revertion trade is when price goes from either 1st standard deviation from the mean to the mean itself
On the chart I have pointed out such opportunities in the past (blue arrow is approximate entry towards the mean, highlighted in red)
Currently Gazprom sits at the 1-year mean - so traders can pick a mean revertion next time it trades to either higher or lower 1st standard deviation!
Mean revertion trade is when price goes from either 1st standard deviation from the mean to the mean itself
On the chart I have pointed out such opportunities in the past (blue arrow is approximate entry towards the mean, highlighted in red)
Currently Gazprom sits at the 1-year mean - so traders can pick a mean revertion next time it trades to either higher or lower 1st standard deviation!