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External background before the opening of Russian sites is negative: America closed lower, Asia traded mostly down

Feb 15th, 2010 | By admin | Category: News and Comments

Good day. Following the fourth trading session of the week the MICEX index lost 1,73%. Trading activity remained at a maximum current of January.

After testing at the opening of Thurs1000day"s District 1470 points, MICEX in the first half of the day experienced reduced to 1435 points. The second part of Thursday was in the range of 1435-1460, where the bull had chances to stop the decline that emerged from the day a positive candle. However, in the late afternoon there was a significant predominance of sellers, which led to the end of Thursday to 1,435 points.

U.S. stock indexes closed lower Thursday assured. The worst of the market was trading the financial sector. The fears of investors led a White House initiative aimed at restricting trade banks themselves, the size of financial institutions.

At the auctions in Asia is dominated by the sale, due to the threat of tightening monetary policy in the PRC. Concerns related to possible excessive cooling of the Chinese economy, which is a major source of hope for continued growth in the global economy.

The price of Brent crude oil futures broke the significant support level at $ 75. The next goal to reduce, in our view, is located in the region of $ 70-72. The main resistance level - $ 77-78.

Futures on the SP 500 during the U.S. trading session confidently struck the support in the 1125-1130 points. Exit range 1127,5-1147,5 points significantly reduced the chances for renewal of local maxima in the near future.

possible target rebound upwards - 1120-1130 points. Further reduction will lead to the return of the futures on SP 500 in the range of 1080-1110 points. In general, all seem to reverse the uptrend. Clarity will side views after a period of decline, or an unsuccessful attempt to return to the range 1127,5-1147,5 points.

Opening Trade in Russia is expected with a gap down. Main support is situated at 1400-1410 points. Main resistance - 1460-1470 items on MICEX.

In the circumstances, can play in raising per rebound. More likely, it is necessary to seek time for the opening of "short" positions, because the market there are significant threats to turn down, which may lead to the return in the range of 1200-1400 points, and later to leave the area of 1000 points on the MICEX.

futures on the RTS main support lies in the vicinity of 150 000 points. The purpose of a possible rebound upwards - 154 000-155 000 points.

Today before the opening of trading in the U.S. accountable to General Electric, McDonald "s.

External Von negative. America closed lower, oil and gas sector at the market, the financial sector is worse than the market. Asia traded mostly down.

The final recommendations:
Investors - cut position ";
speculators - "play to improve".

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