ERUS-Part 2 of 2.
Russia, as an emerging market, has been in a long standing DOWN-TREND.
I would not go long unless the trading channel is breached past the top line.
(Red Arrow on chart).
This would indicate a new trend reversing to the up-side.
Good luck to you. Don.
I have been listening to analysts lately recommending "Emerging Markets".
Russia, for some reason, was mentioned many times as one of the top choices.
On this daily chart there are positives, for sure.
But be aware of the risks.
This chart is now at an important resistance level.
Phase energy in April and May was far stronger.
Now I ask you to look at Russia, Part...
What is the Russia Capped MSCI Ishares: The index seeks to track the investment results of an index composed of Russian equities. The fund seeks to track the investment results of the MSCI Russia 25/50 Index(the underlying)
In general, a rise in the index simulate a good performance in the underlying, and Russian equities in general.