The Russian stock market at the start of trading session, played the accumulated negative, opened a large gepom down the main index. During the trading session, the situation on the external sites are not stabilized, leading to further reduce the quotations in the trading session. Slight rebound in the day contributed to the data on manufacturing activity in New York: index of manufacturing activity in August rose to 12.08 points with a minus 0.55 points a month earlier. Thus, the indicator for the first time since April 2008 was released in the positive zone. By the end of the session on the dynamics of trading session will affect the data on the housing market, namely the price index for housing in the United States. In the case of the positive statistics suggest to build speculative positions on the purchase with a view to tomorrow's opening.

Technically MICEX index in today's trading session Breaks strong level of support in the region of 21-day moving average, rushed from the maximum annual level to the level of 50%-term correction of Fibonacci, who made the support. Technically, the potential traffic is down about 5% to the level of 1000 points.

session tomorrow promises to be volatile. Start traditionally determined the outcome will be bidding in the United States, as well as the situation in the Asian areas, namely the dynamics of the Chinese index. Also interesting is the dynamics of the indices of emerging markets, particularly markets of Brazil and India, as the sharp decline in all developing markets, advanced dynamics of development, may indicate that the closure of long positions in emerging markets, which could extend the wave of reduction. In the first half of the session on the dynamics will influence the index of economic expectations in the euro area. Key statistics of tomorrow's session will be the first signals from the housing market: the start of construction and building permits in the United States. If you recall the scenario of July, it is positive in the housing market has led to the spread of indices and return a rising trend in the stock market. In the case of the first positive signals recommend open speculative positions in the purchase, may rebound because of the closing shorts. When you save a positive trend in the housing market in a wave of speculative purchases may be continued, and the market will show a regular short-term rally.

outsiders of today's session are the shares of commodities. The sharp decline in prices of industrial metals on the background information that in the second half of China may reduce imports of raw materials, led to a decrease in quotations of shares of Russian metallurgical sector. Most stock sectors, hit on the strong levels of support, launched within days, in particular for MMC Norilsk Nickel is the support level of about 3217 rubles in the region of 21-day rolling, which is a form of speculative positions in the purchase. Shares of Russian oil and gas sector is actively selling in the background of the care of Brent crude oil grade level of $ 70 per barrel.

It is noteworthy less significant decline in second-tier events, where the favorites hold shares in consumer sector, supported by good financial results with the beginning of the year.

From a technical point of view of foreign securities include the site in the active phase correction
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