Market Analysis

After testing in early July, a downward trend, the paper began a new wave of decline, which led her to support at 133. The level could provide support for equities, with the result that it has suspended reduction. Top-down trend at the moment, is at level 155, there also is moving 200-hour exponential moving average. The closest resistance of the paper is the level of 148. It is possible that soon we will see the paper attempts to test that level, after which, if successful attempt, Gazprom will meet resistance in a double downward trend and 200-hour EMA. In the case of the continuation of negative trends, except for level 133, the support paper can provide the level of 120. Before the breakdown of the paper downward trend, we reserve the recommendation of outside the market is likely that in the approach paper to the level of 148 down there 200 hour EMA and descending trend, as a result of the paper will be strong resistance, which may not allowit to continue its growth.

unsecured gepy: 151.79, 179.49.

Levels of support: 133, 120, 102.

resistance levels: 148, 161, 183, 195.

Recommendation: Whatever the market.

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