Following the third session of the week, the MICEX index lost 0,39%. Trading activity peaked in the last five trading days.

In the environment, may have been formed by the top, as indicated by the increased trading volume, as well as the overall behavior of the market within days.

reached at gepe District 1450 points, MICEX index had more significant part of the day in the ranges 1445-1450, 1450-1455 items. After 16.00 Moscow time the market reached sales, which led to the closure of the morning gap, further reduced to 1430 points.

The American stock market closed lower on Wednesday, which explains the weak report Pfizer, as well as increased expectations of lower index of business activity in the services sector (expected 51, on the fact of 50,5 points).

during the Asian trading session dominated by the sale. Investors are disappointed with the weak data on retail trade in Australia, which lost 0.7% in December compared with the previous month.

Futures Brent oil this morning is trading at around $ 75.5 per barrel. Break of support at $ 75 futures returns in the range of $ 70-75. Current Range - $ 75-77,5-80 per barrel.
&lt1000;br /> Futures on the SP 500 moves in the region of 1095 points. In the course of trading futures and failed to overcome the resistance at 1100 points, that gives hope to "bear" to resume the decline to 1070-1080 items. In the case of breakdown of 1100 points following objectives for 1110-1120 are points where forward to attempt to resume the decline to below 1070 points.

Today, expect a neutral opening of trading on Russia"s stock market. Nearest support - 1420 points. Resistance - 1450 points on the MICEX index.

Within days the first decrease in 1415-1420 to recommend items for purchase in the calculation of a false test of support at 1420, the subsequent return above this level.

At the same time consolidating below 1,420 points on the MICEX index, most likely, is seen as a return to a local range of 1390-1420 points with high chances of resumption of sales in 1370 and below. In this case, will receive confirmation of the potential peak environment.

Futures on the RTS index closed the evening session in the region of 151 500 points. At 150 500-151 000 points formed a local bottom. Next support - 149 000-150 000. Objectives rebound - 152 500-153 000 points.

In the course of trading on Thursday presumably will affect the following data:
- 15.00 Moscow time, a decision on the rate of the Bank of England;
- 15.45 Moscow time, a decision on the rate of the ECB;
- 16.30 Moscow time applications for unemployment benefits, labor productivity and costs in the U.S. for the fourth quarter;
- 18.00 Moscow time on production orders in December.

External von moderately 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 - "to play to increase from 1420 points on the MICEX index".

The external background is negative America to close moderately lower, Asia traded mostly down
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