Luettis
Long

Russian index RTSI upwards

MOEX:RTSI   RTS Index
With the announcement of the new and stronger sanctions against the russian industry and products the index RTS crashed and fell out of the older but positive trend channel.
Cause it has been an overreaction and so the recover started soon. The index rised back into the trend channel but stayed near to the lower limit.
Since this time it swung around the lower limit and has formed a secondary trend channel.
The sentiment is positive, RSI and MACD in bullish terrain.
The football worldcup showed that Russians can organise a global event; there haven´t been big chaos and no greater problems with hooligans.
This helped to get a better image of the russian culture and their capability to manage great challenges. Perhaps it´ll give a new chance for negotiations between the US and Russia; and no new bad news from Syria (concerning military confrontation between the two blocks).
The russian industry isn´t in a well situation; corrumption and political capriciousness are hindering the prosperity.

In comparison to other markets the russian isn´t overbought and overvalued.

Risks are coming from a possible correction in oilprices and the new strength from the US-Dollar.

Technically: as long as RTS stays within the trend channel (one ore both) the positiven trend is alive.

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