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Today is expected to have a positive opening of the Russian Trade, the immediate goal of growth is located in the vicinity of 1400 points on the MICEX

Feb 25th, 2010 | By admin | Category: News and Comments

According to the results among the domestic stock market has grown slightly. The MICEX index added 0,47%. Trading activity increased moderately by updating highs this year.

it opened gepom down further MICEX continued its decline, reaching 1365 points. The subsequent return of above 1,370 points allowed to consider access to 1365 as a false breakdown. Most of the afternoon, the MICEX Index rose by recording an intraday maximum of around 1,405 points, where the evening experienced a decline of 1390.

U.S. stock indexes closed down Wednesday in a moderate plus. Worse market traded oil and gas sector, who"d play lower commodity prices. Better majority felt the financial sector, which probably contributed to the decision of the U.S. Federal Reserve to keep the discount rate at the same level of 0-0,25%.

In the accompanying commentary has been retained promise to keep rates low for a long time. At the same tim1000e it is worth noting the opinion of one of the heads of the regional branch of the Federal Reserve, which did not agree with the general solution, assuming that it is time to remove the promise to keep rates low.

potential source of negative may also be present in the Fed"s intention to reduce the number of support programs in February and March of this year.

However, at the auctions in Asia is dominated by buyers. Perhaps additional support to investors had the intention of Barack Obama to adopt a new stimulus package that would include tax cuts.

Futures on the SP 500 is currently traded above 1100 points. The closest resistance - 1110 points, then 1120 points. While futures moves in the range of 1080-1110 points. Further developments depend on the nature of the test 1110-1120 points. In the emerging downtrend forward to the release of higher than 1110 and then return to the range of 1080-1110 points.

Futures Brent oil during the last session, experienced reduced to $ 71, which is similar to the knock-out stops on the "Long". If so, then perhaps now is expected to rebound to $ 75 and above. The main support for $ 70-71.

Thus, today, expect a positive opening of trading on the domestic stock market. The immediate aim of growth is located at 1400 points on the MICEX.

We consider the planned growth for today as a rebound in the process of forming a downward trend, which involves the use of quotes to increase sales.

District 1420 points the first goal, which, in our opinion, is to begin sales. At the same time, if all too well, you can increase to 1430-1450 items on MICEX.

Futures on RTS Index today presumably overcome 147 000 items, which will create the preconditions for growth to those at 150 000-153 000, which we recommend to look for opportunities to play in the fall.

At 16.30 Moscow time the course of the auction could affect orders for durable goods in December, applications for unemployment benefits.

moderately positive external background. America closed moderately higher, oil and gas sector is worse than the market, the financial sector is much better than the market. Asia is trading up.

The final recommendations:
Investors - cut position ";
speculators - "sell short".

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