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Quotes of the majority of blue chips came into yesterday's ranges, before leaving makrostatistiki market to wait

Sep 24th, 2009 | By admin | Category: News and Comments

On Wednesday U.S. stock indicators closed a little lower: The Dow Jones closed at around 9748.55 (-0.82%), index generalist SP 500 finished the trading session at 1,060.87 (-1%). Opened in negative zone, after the announcement of the outcome of meetings of the Fed purchases of U.S. sites were resumed. The Federal Reserve decided to leave rates unchanged at for a long time. However, the curtain auction sale on the U.S. market increased. Investors were disappointed by the Fed's comments on further measures to support the economy and an exit strategy from the crisis. Oil quotes on the basis of trading yesterday, fell by 4.6% due to growth in U.S. oil reserves at 2.8 million barrels against the forecast decline of stocks at 4.7 million barrels. The fall in oil prices was offset by data on the increase in business confidence, both in the services sector and the manufacturing sector, as well as statements of the British Government that economic growth in the country could resume already in the III quarter of 2009.

Russia market yesterday at the closing began to react to lower statistics on oil reserves. Today's opening of inertia also occurred in red zone. In leaders decline was mainly the oil sector: Lukoil, Surgutneftegaz JSC Surgutneftegaz ap. After 2 hours of trading sentiment has changed, and the market moved up briskly in the green zone. Quotes of the majority of blue chips came into yesterday's ranges. The situation now is still uncertain, it seems that the market has taken a wait: the fall - not falling, and grow - not growing. Uncertainty can take statistics on unemployment in the U.S., which leaves at 16.30 Moscow time, and traditionally has a powerful influence on the market, being one of the main criteria for the health of the economy.

The technical picture on the RTS index as follows. Index currently consolidates above the level of support-resistance of 1200 points, are neither above nor below. Rusty does not allow more oil quotations, which are in the range of 68-73 $ /barrel and fluctuate within it. If oil goes back to the upper boundary of the range formed, then we will likely see new annual highs on the RTS index and the leading stocks. If the oil will penetrate 68 $ down - if not excluded breakdown index down its level of support-resistance.

Recommendations investors who are guided in the short term: to hold long positions.

Recommendations investor-oriented medium term: to hold long positions.


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