As for January 26, long positions surpassed short positions by 2.064 contracts, the biggest spread since mid-November.
Against the previous week, short positions decreased by 597 contracts while long ones grew by 816.
For the first time in 2016, US investors turned confident about the ruble in mid-January. At the time, Juan Prada, a foreign-exchange strategist at Barclays Plc, said this was more likely "profit taking" after a huge drop in currency.
Recently, the Russian Central Bank raised the ruble’s official rate against the US dollar and euro by more than two percent. Ruble was trading 75.17 to dollar and 81.9 to euro.
The Russian currency rose after oil prices rebounded last week. On January 29, Brent crude reached $35.99 a barrel. The central bank’s decision to keep the key interest rate at 11 percent also contributed to strengthening of the currency, according to RBK.
Since January 21 when ruble tumbled to a record low of 86/$1 the Russian currency has risen by 13 percent.
