830 points - what next?

Yesterday, the world's stock finished trading platform in the positive zone. Dow Jones Index closed 0.334%, the index of a broad profile SP 500 gained 0.53%. European stock indicators had grown up about 1% to positive reporting Goldman Sachs, whose profit exceeded analysts' forecasts.

By today's opening of the Russian stock market is a positive external background. Indices of the Asia-Pacific region had grown up on a positive corporate reporting and rising prices for metals. U.S. futures are traded in the positive zone. Against this backdrop, the Russian stock market has opened increase. Major blue chips directly to the opening of added 1% ... 1.5%. At 13.00 PM IST RTS index traded 1.5%, the index of the MICEX 3.62%. In the best performing today, the paper MMC Nornikelya (5,85%) against the backdrop of rising prices for nickel. In the retarded action Polyus Gold (0.8%) and equities Polymetal (-0.95%) due to weak prices of precious metals.

developments in the second half of the day will determine the statistics for industrial production in the United States, as well as data on stocks of petroleum and petroleum products, which may affect the closing of the Russian stock pads.

to talk about the future - it ungrateful, but let's try to assume a scenario. Against the backdrop of growing U.S. and falling oil prices, the RTS index reached 1200 points mark, though correction. Correction went on the fame, and already over one and a half months, the index reached 830 points of its support. During the month of April 2009. RTS trading in the range of 770-830 points, with the result that the boundary of this range are stable level of support-resistance. Currently (as of mid-July), the RTS index reached the upper bound of the range of 830 points and pushed her. After testing this level the market can continue its upward movement, however, attempt to go down, can still continue. In this case, the RTS will go to the range of 770-830 aforesaid, and the 770 will make a strong level of support for further declines. Overcoming down at this level until it seems unlikely. Based on the above logic, where a correction at these levels can end, and will continue to rise, reaching at the Russian sites from the beginning of the year.

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