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Recommendations on RTS Index futures for Monday

Aug 31st, 2009 | By admin | Category: News and Comments

Possible scenarios of behavior of the futures on the RTS index in the near future:

Objectives futures on the RTS if it's:

1) The green horizontal line - 75 000 points on the RTS Index futures.

a. 7 - 14 trading days.

Objectives for RTS Index futures for its growth:

2) red horizontal line - 116 000 points on RTS Index futures.

time to achieve this goal:

a. 2 - 3 trading days.

3) Blue upward sloping line - 120 000 points on the RTS Index futures.

time to achieve this goal:

a.5 - 7 trading days.

Recommendations for today:

1) sell at a penetration level of 112 000 points. Stop - Loss put at the level of 12500 points.

Evening session on FORTS August 28, 2009:

Following the session, the futures on the RTS index fell by 700 points. Nothing particularly interesting at the auction on Friday was not observed. Consolidation in the narrow range in the international markets continues. Coming soon will fall, and investors should fasten your seat belts as the observed dynamics resembles the calm before the storm.

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