At the opening of the buyers will try to return the MICEX index above 900 points
Jul 10th, 2009 | By admin | Category: News and CommentsGood day. At the end of the fourth trading session of the week, domestic stock indices experienced a moderate decline. RTS Index lost 0.54%. MICEX index fell by 0.93%. Trading volume remained at the level of the previous two days.
In the course of the trading Thursday MICEX index tested the resistance in the region of 920 points, after which the decline experienced in the area of 900 items where the buyers in a few hours successfully kept the defense. Close to close the bidding level at 900 points was the samples. At the end of the day value of the MICEX index was 896 points.
Thus, the movement on the Russian stock market continues to evolve in the downward trend. At the moment, possible investment in the purchase of a small portion of the portfolio for a possible creation of a double bottom (District 880 points on an index MICEX).
signaled by scrapping top-down trend, we believe, will be a successful way above 930, then 950 points on the MICEX index. The main risk in this case - the option to move in lateral movement of the boundaries 880-1000 points on the MICEX index.
The opening bid will be held today, presumably in the neutral zone. Shoppers at the opening try to return the MICEX index above 900 points. The main resistance is located in the vicinity of 920-930 points, which may be speculative selling in the expectation of renewal in order to reduce below 880 points on the MICEX index.
In the event of a resumption of sales of the main support lies in the region of 880 locations where possible speculative purchases in the calculation of the formation of double bottom.
Output below 880 points will lead to the development of sales in the short end in the region of 850-860 points, the main area of 800 items on the MICEX index.
U.S. stock indices closed the auction on Thursday moderate growth. Better market feel of paper from banks and oil companies.
The financial sector has supported the recommendations for improving the Securities Goldman Sachs. It was expected that INVESTBANK can show at this year's record profits on trading operations.
Bumagi oil and gas companies supported the growth of gas prices.
tendering stock indexes in Asia are moving in a moderate positive, despite negative forecasts for the global economy from Nurielya Rubin.
Futures on the SP 500 is still trading above the key level of support at 880 points. We look forward to the breakdown of the level. However, the current situation, correct play of purchases, given the existence of a close stop.
The immediate objective rebound upwards - 890-900 points. The objective of reducing - 860 points.
Futures on the RTS index in the course of the evening trading session tested support in the region of 83 000 points, followed by the growth experienced by 85 000 points.
The immediate objective rebound up in an area located 86 000-88 000 points, where we recommend that you play mostly from the sales.
Stop on speculative short positions can be higher than 87 000-88 000 points.
Stop by strategic short positions recommend that you place above 93 000 points.
Within days the market will affect the following news and information:
- 16.30 Moscow time the U.S. foreign trade surplus, the dynamics of import /export prices;
- 17.55 Moscow time index of consumer sentiment data from the University of Michigan;
- 18.00 Moscow time the U.S. Treasury statement of Chapter Timothy Gaytnera on the management of commodity futures.
moderately positive external background. America to close a moderate growth, better oil and gas market, the financial sector better than the market. Asia traded up moderately.
Final recommendation:
Investor - buy on the achievement of District 800 points or 950 points higher than the output of the MICEX Index;
speculators - playing sales.
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The price of oil stabilized around $ 60 mark per barrel
Latin America: commodity prices and low interest rates supported the market
Kommersant: Kiev city council has adopted a program to combat alcohol abuse
Banks began to economize on staff
Forex - results of day
The forecasts of analysts: Today, on the Russian stock market could weaken the pressure of sellers
Recovery of oil will allow the Russian market to rise above 900 points
Stabilizing the situation in foreign markets would allow Russian indices close in the plus
Today, the bidders will wait for the publication of data on trade balance in the United States
