Market Analysis

External news background before opening the domestic trading platforms over the negative. Therefore, we otrinem their trading strategy to buy Gazprom shares on the level of support 187/186, 5 rubles. Too great a chance of removal by mechanical "feet" and follow the quotations giant all day - for us unaffordable luxury. After all this time you can lose many other opportunities to earn.

In view of the fact that the primary support for the "bears" now provide summaries of the market of raw materials, should try to choose the most technically overvalued stocks in the oil and gas sector of our market and open up on them "short" positions. Ideal for this purpose, we think fit the paper Rosneft. On their schedule are clearly visible levels of support for 261 ruble (landmark peaks of November and December 2009) and 251/255 rubles (District of New Year gap and the uptrend line of the July, 2009). And more importantly, the graph of stock price clearly visible level, beyond which is better to put a protective suspension at the opening of "short" positions.

You can not very wise and put the "stop" for the peak of 273 rubles. But speculators every penny counts, and our pathological greed advises us to be more cautious, and to cover "shorts" if the shares rise above 271.5 rubles, at that point to set an upper limit of the range, where the quotes go to the January 11, 2010 . Although this upper limit is similar to the emerging downtrend, we would not have to risk as a whole range similar to the figure continued movement "pennant" in which the long holidays taken away "the shaft".

finally recorded in the ranks of "bears", we do not intend to. With an eye on mid-term today, we will continue to hunt for the paper Polyus Gold (1570/1580 rubles), the shares of FGC UES (0,339 /0,342 rubles), on paper Surgutneftegaz (14.5 /14.8 rubles) .

Although the external background and remains ambiguous, in Russia until the market is dominated by the positive mood
MICEX this afternoon, probably will be traded in a weakly negative zone near the mark of 1,445 points
An information plan Monday promises to be quiet and calm
Trading volume on the stock market, MICEX Stock Exchange on Friday amounted to 93.38 billion rubles
Gazprom and the Irkutsk region administration discussed the formation of the gas market along the route "Chikanskoye GCM - Sayansk - Irkutsk"
Review of the FOREX market for 15.01.10
Late last week working on forex was marked by further strengthening of the currency of refuge against the general decline of interest in risky assets
Forex Market. 18/01/2010
Kommersant: Economy Ministry proposes lower port tariffs by 30%

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