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Long on RSX

|Includes: VanEck Vectors Russia ETF (RSX)

RSX should continue to post gains in the medium term.
Technical indicators show that RSX has again rebounded from a slight correction, and as pointed out in my earlier post, emerging markets' economies are booming and should continue to do well.
Valuations are reasonable even after accounting for risks.
When oil and commodity prices go up, Russia's economy will do better as Russia is a huge exporter of oil and many commodities.

Of course Russia has its risks, corruption, regulatory changes and being heavily dependent on energy prices makes it one of the most volatile country indices/ETFs to trade or invest in.

Hence, if you can stomach some volatility, RSX should pay off in the short to medium term as long as energy prices continue to go up.