Market Analysis

Number optimists among oil traders diminished

We look forward to opening the market with a decrease of 1%. After the EUR /USD fell below the 1.39%, the number of optimists among oil traders diminished. However, after a three-week decline in oil prices, this week we can fully expect a rebound from the top-level technical support for $ 70 per barrel. As the stock market, then in the next few days, we expect the lateral dynamics (MICEX index in the range 1360 - 1420 points or 1370 - 1420). Penetration of the support 1360 and reducing the area of 1,310 items we do not expect.

Much will depend on the U.S. stock market. Perhaps I got worked up slightly on Thursday, when he wrote that a strong technical support level on the DJIA index of 9950 points. Perhaps he is at the level of 10000 points, but the architecture of the stock market from that not much is changing. After successive penetration of these levels can wave goodbye to the medium-term uptrend (March 2009) on the U.S. market and prepare for a hard landing for the domestic.

On the dynamics of the shares of oil and gas sector today can affect output reporting companies Rosneft and Gazprom. In our opinion, the most attractive stocks in this sector were shares of companies Novatek, Rosneft, Gazprom - in the late spring, when oil prices will be minimal, we recommend the purchase of these shares.

Many investors will wait for the meeting of the European Central Bank /ECB /(Thursday). His decision on interest rates, and Trichet"s press conference, and only then make trading decisions. Given that the outlets in Europe, the economic statistics do not show sustained recovery, and Spain this year may remain in the area of recession, we do not expect the ECB to change interest rates, but at the press conference, head of the ECB may surprise.

Successful Trading!

"Aerosvit" can not meet
Forecasts of analysts: Russia"s stock market is waiting for the opening downward movement within the course of the day trades can be adjusted with data from the U.S.
Today, leaders of decrease in the market of Russia will be the paper of oil and mining companies
The focus today will be focused on the shares of Rosneft, the company will publish its financial results in 2009 by US GAAP
Technically the market of Russid3ba looks good, can not be said about the U.S. indexes, where the uptrend has been broken
In the coming days the attention of market participants are likely to be concentrated in the telecommunications sector
U.S. indexes and oil futures reached a strong support, which contributes to a reversal
If the "bulls" will keep the level of 1390 points on the MICEX index, it is to maintain hope for a turn and a new wave of upward movement
In the case of breakdown at the opening level of 1,390 points on the MICEX index, "Bears" will be used to storm 1365 points

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