ITT: Corridor saved

Once the annual maximum at the level of 191.9, the beginning of the paper cuts. The upper limit of the corridor 155 - 180, formed in April and May of this year, failed to provide support for equities as a result, the decline continued. An attempt to puncture the lower limit of the corridor, was not successful, then the restoration of stock quotes, and to this point they had reached a level of 168. Thus was established a short-term upward trend. In this situation, options to purchase two. In the first case, you can use the sample of 180, with a stop at 175. If the upward movement will continue, with the breakdown level of 190.5, to add positions to the transfer stop under that level. The second option, the purchase when approaching the lower limit of the corridor at the level of 155, with stop below this level. In the case of upward movement, the paper may have a resistance of 200-hour exponential moving average.

unsecured gepy: -.

Levels of support: 155, 141.

resistance levels: 170, 180, 190.5.

Recommendation: Buy at breakdown of 180, with a stop at 175.

Before today's meeting of shareholders of MMC Norilsk Nickel continues to purchase shares of the company
Analysis of Futures and Options Lukoil
The main driving force is still the price of black gold
Recommendations for VTB shares, futures on the RTS index
Special reasons for the growth of the Russian market there, but also signals to the mass sell-no
Shareholders Mosenergo elected a new Board of Directors
Precious metals market review for 29.06.09
The growth of Asian markets, a positive impact on earnings of commodity companies
The technical analysis of currency pairs