Friday, April 4, 2014

Is Russia a great bargain now or it will be later on ?

Russia (RSX) has broken down from a long term support(around 24-24,5) and know is touching again this line from below(know acts as a resistance).For the time being we lean bearish towards RSX. We will revert to bullish if it penetrates the resistance at 24-24,5 and manages to stay above 26$

If it cannot manage to penetrate  this line then it should go towards 13-14$