Chart of the Rouble which completed a perfect B wave at 50% retracement. The overlay is RSX and you can see the strong inverse correlation. There should now be a C wave down to at least 45. So a strengthening Rouble which boosts capital flow to Russia and the RSX. I have forecasts for a secular trend reversal in natural gas at the end of the year. The fundamental driver for this looks like increased gas and uranium sales to China. RSX looks like a good energy play after a short term pull back.