Negative closing trades in the United States on the eve of levels the increase in the oil market
Sep 30th, 2009 | By admin | Category: News and CommentsResults trades
Last Tuesday trading on domestic exchanges ended countervailing movement's most liquid securities. The MICEX index rose by 0.38% and the RTS index gained weight 0,95%. The largest growth in its day was led by Tatneft and Transneft, which went up by 3,83% and 3,4% respectively.
Market Oil
WTI crude oil traded near a mark of $ 67.1 per barrel. American Petroleum Institute has published data on stocks of fuel in the United States. Inventories of crude oil and distillates rose by 2.76 and 2.29 million barrels, gasoline inventories fell 1.72 million barrels. Today at 18:30 on reserves data published by the Department of Energy. Analysts polled by Bloomberg, expected increase in stocks of crude oil, gasoline and distillates at 2, 1 and 1.2 million barrels, respectively. The reaction of investors to access statistics on stocks was fairly moderate. We expect that in the coming days, the dynamics of oil quotations will be increasingly determined by the outgoing U.S. statistics.
Trades today
Today, we expect a smooth opening of trading on domestic exchanges. Negative closing trades in the United States on the eve of levels the increase in the oil market. Today at 16:30 will be published the final value of the U.S. GDP for the second quarter of this year. It is expected that the value of GDP would be at the level of -1,2% (past value of -1%). The data for the market is very important, so the reaction must be sufficiently strong. Yesterday, the MICEX index has tested the strength of support at 1,200 points, but managed to hold above. The nearest resistance is located at 1220 and 1240 points. Support - 1200 and 1175 points.
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Today is definitely the game in the hands of the Bears
Any negative now perceived as a pretext to commit, so it's possible a more profound drop in the indices
Today, before the next portion of statistic data from the U.S. market will rule the speculative mood
Today, Russia's market may open at yesterday's closing levels, or with a small gap up within 0,5%
Shopping on Russia's markets are becoming less confident in the coming days, volatility will remain high
FAS Russia will turn to Russia for YOU confirm the validity of their conclusions about the non-competitive behavior, TNK-BP
Prices for gold and oil futures yesterday finished neutral
Dollar depreciated - the morning review of cash markets
U.S. preparing sanctions against companies insuring the supply of oil products in Iran
