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From : International Equity Index Daily Hotline: 21 November 2014
Chart of the day: Russian index pauses downtrend but...

 

The Russian Traded index has recorded a 2.1% gain for today's trading.  The market successfully retested support at the early-November low at 1385.11 in the middle of the month.  Today, the index pushed up to challenge initial resistance near 1500.  Note that the 50-day moving average is not far away, and a sustained push over that line would be required to interrupt the downward tendency.

 






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