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After the morning's MICEX index growth will be consolidated in the corridor 980 - 1000 points

Jul 23rd, 2009 | By admin | Category: News and Comments

Oil support the bulls at the start

Positive data on oil and oil products in the United States allowed the bulls on the trading session to achieve the finish of the losses, resulting in a majority of the shares of cannon evening minima. After our closing situation in external sites has not changed significantly. The remaining positive in the prices of black gold will provide support at the start of trading session.

Further evolution will be determined by the U.S. futures on indexes. Futures on the SP 500 is slightly higher than levels at which closed the day before the domestic court. The consolidation of the annual maxima is threatening corrective movement down, as it was in June, and the closeness of the finish the season reporting could lead to a fixed profit. It is also possible that reporting companies consumer sector, the final season, could spoil the overall impression or to become a powerful driver for the annual maxima of Perforation.

In my opinion, after a morning of growth indices zalyagut at outset. MICEX will be consolidated in the corridor 980 - 1000 points. Of Perforation resistance in the region of 1020 points after a puncture is likely maxima U.S. indices, which will be a powerful signal to open mid-term positions.

In the course of today's session would affect the data on the U.S. housing market, which in the case of sales growth in the secondary market may provide a powerful excuse for shopping. From the statements is to provide the results of American Express, McDonalds; interest and the CIT Group.

At the end of the trading day yesterday, major U.S. indexes closed differently. The main positive peretyanuli a high-tech sector stocks, which led to the growth index of Nasdaq (0,5%). Positives in the sector has contributed to the quarterly reporting company Apple, has exceeded forecasts. Papers banking sector, however, disappointed, and one of the outsiders.

At the Asian sites dominated by cautious optimism. It looks like the market of India - BSE index adds more than 2%. It should be noted and the growth of the market index of Mexico (1%), the economy which also applies to raw materials.

At the evening session on FORTS most of the contracts on stocks neftyanki demonstrated growth. Bookmark steel contracts on stocks of Gazprom (1.37%) and Rosneft (1,38%). ADRs for issuers of securities data also demonstrated one of the best results. In my view, the shares are attractive primarily for non-residents and the rise in prices within the quotes of the day can support. The closest the powerful resistance of Rosneft is in the area of 183.7 rubles., Where the 50% loss of correction of Fibonacci.

Increased prices of industrial metals and wait for tomorrow's meeting in Magnitogorsk once again support the shares of Metallurgists, the position for which you can move and tomorrow - if the positive on the metal market.

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