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Speculative recommendation on shares of Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB

Mar 24th, 2010 | By admin | Category: News and Comments

NORILSK NICKEL

Surrounding levels of support: 4703.79 /4590.72 /4500.00
Surrounding resistance levels: 4850.96 /5000.00

Following the last trading session, shares of MMC Norilsk Nickel fell by 1,058%, to close at around 4729.381000USD.

External signals contribute to the opening of trading on shares of the company in a small minus. Level of support for market stands 21-day moving average, which is the level of 4703.79 USD. This level looks good for the opening of long speculative positions. Resistance level for the shares is a local maximum - mark 4,850.96 rubles. When the local maximum is recommended to close long positions.

GAZPROM

nearest support levels: 192.30 /190.00 /186.80
Surrounding resistance levels: 195.27 /196.90 /200.00

Gazprom shares closed on the eve of a better market, adding 0,254% to a mark of 192,70 rub. This closure occurred below the important level - 38,2% th Fibonacci correction of the historical maximum (193.18 USD)..

Today, the paper will continue to bargain in an uptrend. External signals contribute to the opening of trading on the shares of Gazprom in a small minus, aided by lower oil prices after the end of the session on Russia"s market. Powerful level of support is psychologically significant level - 190 rub. That from a technical point of view looks good for opening long positions. The closest support level is the maximum last trading session - 195.27 rubles.

LUKOIL

Surrounding levels of support: 1687.00 /1685.30 /1640.00
Surrounding resistance levels: 1700.00 /1717.00 /1733.38 /1750.00

Shares of Lukoil on the results of yesterday"s trading session closed at around 1694.88 USD., losing 0,942%. Bidding ended below the psychologically important support - 1700 rub marks., Aided by disclosure of data on stocks of petroleum and petroleum products in the United States.

decline in oil prices encouraged the opening of bidding for shares in a symbolic negative. A close below the important support has formed a significant potential to reduce - to the lower boundary of the uptrend (1640 rub.). In the case of forming a technical rebound recommend close long positions near the 100-day moving average (1717.00 rub.).

SBERBANK

nearest support levels: 87.07 /85.00 /80.46
Surrounding resistance levels: 88.80 /90.00 /91.41

Sberbank shares before added 0,034%, concluded the session at around 88.08 USD. Paper banks continue to trade between the lower boundary of the uplink and 21-day moving average.

External signals contribute to the opening of bidding for shares in a small minus, after which the probable change of sentiment. Attractive level for opening long positions is the 21-day moving average (87.07 rub.). In the case of forming an ascending dynamics recommend to reduce their long positions when a mark of 88.80 rubles., In the case of penetration by the action once again rush to the level of 90 rubles.

VTB

Surrounding levels of support: 7,50 /7,33 /7,20
Surrounding resistance levels: 7,70 /7,83

Shares VTB completed before the session in negative zone, losing 0,263% and closed at around 7.57 kopeks.

The technical picture in shares VTB remains unchanged: the paper continued to ascend to the upper boundary of the channel. External background, formed the opening of tenders, is moderately negf51ative, which contributes to low fire-sale at the start of the session, then perhaps the formation of a technical rebound. Attractive levels for open positions is the psychological level of 7.50 kopecks. Resistance level is the local maximum (7.70 cop.) At which long positions should be reduced.

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