Market Analysis

The situation on the Russian stock market continues to evolve in a positive manner. Support from the western stock of sites and the increasing price of oil continues to be present, that does not leave investors with other options for actions, but to follow the rise of quotations and the ability to participate in the continuing upward movement. The only obstacle now in the way of the ascending movement became too high opening bid in Russia - in the early trading session, the growth of the MICEX Index exceeds 2.5%, while the remaining outstanding at the bottom of the morning gepy of blue chips attracted the attention of speculators. The first 2 hours were spent bidding just to cover these gepov, then resumed on the new purchase. But not all securities price gaps were closed. Very confident that kept shares of banks, Surgutneftegaz and Uralkali.

Today, there is no significant release of corporate reporting companies. From the macroeconomic statistics attention only published data on sales of new homes in the United States, which in terms of unsaturated news background, in fact, may prove decisive for the markets in today's trading session. The point is that after last week's unexpectedly positive data on sales in the secondary housing market and the prices of homes from the current number of primary is also awaiting confirmation that the bottom in the real estate market reached. Therefore, if such confirmation is not received, the market likely to commit profits. Moreover, in the U.S. stock indices have already have come close to the level of perekuplennosti (70 points on the RSI).

additional constraint on growth in the Russian stock market, in our view, is the approximation of quotations of futures for Brent $ 72 mark, which can be regarded as the level of resistance, which unsuccessfully stormed in June. It would be logical to expect that as we approach the price of oil to that point, the number of speculators willing to otfiksirovat profit on shares of Russian companies (and not only for oil chip) will increase. Therefore, we do not look far up on the MICEX Index, relying only on the rise in District 1080 points in the coming days. Then the market could face a need to find new factors important for continued recovery.

The level of 1050 points for the ruble and the dollar is seen as a psychological indicator signal to a fixed profit
Favorites market race replace each other, and to identify the apparent leader of the trading of securities is not possible
MICEX index may reach the end of the session 1065-1080 the range of items
European stock markets closed on Friday, declining
In Asia, the September futures price of oil brand Brent rose by 0.67 dollars
The Cabinet instructed the Ministry of Finance to restructure debt Naftogaz External Borrowing
Expert: In the coming weeks is expected correction in the market of the Ukrainian eurobonds
Meat seat
Russian stock indexes today will remain in positive territory before the end of the day

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