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:

RTSI(Monthly)20141216160638

Chart courtesy of investing.com. http://investing.com

The USD/RUB chart below is impressive, too.

USD/RUB, daily chart:

USDRUB(Daily)20141216161522

Chart courtesy of investing.com. http://investing.com

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