Russia’s RTSI Index technicals on December 16, 2014

Russia’s RTSI index is now targeting its 2009 low, with oil prices collapsing and the local currency falling like a stone, despite the Russian central bank’s interest rate increase from 10,5% to 17%. Russia RTSI Index, daily chart: Chart courtesy of investing.com. http://investing.com The USD/RUB chart below is impressive, too. USD/RUB, daily chart: Chart courtesy […]