When you buy Russian and the ruble you are taking on the equity risk and the Ruble risk. Is there a chance better relations between US/Russia lead to lower sanctions/better growth in Russia? Yes, but what about the corruption rife in their system...does a US investor actually get any dividends/profits or does that ...
RSX has been in a relentless downtrend, but has now traded past a lower hi at 18. If OPEC meeting tomorrow is perceived as positive for $OIL, RSX should be on the next leg up with 1st target at 21-22, and then at 25-27. Best.
VANECK VECTORS RUSSIA has broken the monthly descending wedge with a bullish divergence. Now it seems topping with a bearish divergence for a possible test on breakout area. After the correction i'm expecting a strong wave to the upside. Possible target on chart.
For whatever reason, Russia is not tied to oil price from the technical analysis point of view, could it be geopolitical issue at play? A Trump win in Nov could lift the sanction? I don't know.
Nonetheless, RSX is poised to run toward 21
AMEX:RSX is in a interesting point, is fulfilling an ascending wedge inside a ascending channel, is close to a big resistance zone and apparently was rejected.
To determine the SL is necesary see a big pic:https://www.tradingview.com/x/lxSgj0JJ/
And the situation is more important because is close to the historic ...