The data on reserves can contribute to opening of short positions on the “oil industry”
Mar 22nd, 2010 | By admin | Category: News and CommentsTrading on Russian stock market was held in a positive manner. The main growth driver is the price of oil, which traded in positive territory, adding to the beginning of the week more than 6% against the weakening U.S. dollar. Resistance on the MICEX index at today"s session was addressed by the level of 1,450 points on which there was a technical reversal down, which was partially reinforced by the situation on foreign markets, which also emerged corrective mood. The published statistics on the number of employees in the private sector, the U.S. ADP data was better than expected, but the overheated market and the proximity of local resistance to the majority of the shares prevented a wave of purchases.
Until the end of the session, market volatility will remain high. While saving on American sites of positive sentiment at the start of trading on the Russian market, can form a wave of purchases, which I recommend to use in order to profit taking.
Technically, the SP 500 index closed higher on the eve of the level of resistance of 1100 points, setting a goal in the 1120 points mark. Thus, the growth potential from current levels of about 1,5%. In my opinion, this level will not be tested before the release of key statistics of the week - the data on unemployment in the U.S.. In the next two sessions in the U.S. market may dominate Consolidation mood that can cool the ardor of buyers of dome1000stic securities.
expected today publication of data on oil and petroleum products. In the case of disclosure of positive data on the market can also be formed zaderg up on the shares of "oil industry", which can be used to open short positions. In favor of the downward correction in favor and the situation on the foreign exchange market: EUR /USD pair was unable to gain a foothold above the level of 1,4, and tomorrow"s meeting the ECB will only increase the volatility and risks of the currency market.
Today, demand from investors once again enjoy the individual stocks power, catching the baton from the telecoms. After three days of the correction in demand shares of the North Caucasus IDC, added more than 8%. In my opinion, the paper is still attractive for medium-term investment, take into account the idea of transition to RAB regulation, therefore drawdown in stocks should be used for open positions.
| Log in and enjoy the material;;
2; user rated material 5. |
Analyst Ratings |
Investors are still wary of shares in Rosneft: at the first negative signals of the market followed by sales
If the external sites will develop a second wave of downward movement, the Russian market, too, may well prosest
The technical analysis of currency pairs 03.02.2010
Yesterday, the U.S. site of the second day in a row showed 1% growth
Review of the precious metals market for 02.02.10
Global giants do not complain about the lack of profit
Cabinet received the court"s decision to suspend the appointment of acting Lutsenko Interior Minister
Defective gas pedal obodetsya Toyota in 16,4 million dollars. "
Costs undermine budget
