Russia Stocks

Back on 12/5/12, I posted that the Russian market had some fundamental pluses in store for
2013, and that stocks had some potential. Well comrades, the market has made a fairly strong
move. Back then I pointed to the way the Russian market was shadowing the Euro stocks,
the EU being an important trade partner, and in today's update of the RTSI chart, I compare
it with the oil price. RTSI Chart  You will note that the market has no serious resistance
until the 1750 level but also note this baby is getting overbought in the short run.