Russian Resistance: Russia ETFs Face Technical Issues

Although RUSS has seen positive creation activity over the past 30 days, the Direxion Daily Russia Bull 3x Shares (NYSEArca: RUSL) has seen more, according to Direxion data, indicating investors lean bullish on Russian stocks at the right time, but may have held onto those bets for too long.

Market Vectors Russia ETF

Chart Courtesy: J.C. Parets, Eagle Bay Capital

ETF Trends editorial team contributed to this post.