Market Analysis

The weakness of the market was palpable on Tuesday - no shopping, auctions were on small speed. Morning news is not always inspired, the American sites have closed in the red zone, oil prices retreated from $ 80 per barrel. This point is part of the players decided to use to close the position. During the day, swept slight wave of sales. Stronger than others declined Lukoil, at the time showing (-3%) from yesterday's closing price.

quotes Gazprom's very close to its local minimum, but the breakdown did not happen. Close to close the auction picture has changed drastically. This is due to external factors and caution Russian players who are not currently ready to play lower and try to feel where the wind blows. The dynamics changed as soon as the market saw a positive attitude of U.S. indexes. SP and Dow grow, the positive dynamics of moderate (0.5%).

If you look at the whole picture is wider at the surface is a lot of similar moments. And our, and the Western bulls walking on the levels of resistance are under pressure from the bears. Formed a corridor, in which trades take place in the form of short-term growth and short-term fall. As part of the corridor victory for a short time comes that one or the other party. Something similar happens from time to time in all markets and usually leads to the fact that after a phase of uncertainty comes the trend part. The market starts to move almost synchronously in the same direction. Today's surge in the evening does not give much hope on a strong upward trend. Rather, we come to the upper boundary of the corridor, which uvyaznem. By 1460 pp index, the level at which still lacks its own forces. And quotes RTS index flocked to him for the third time in the past two weeks.

paper, which look good in recent times, we can note the action Polyus Gold. With the increasing popularity of gold, and taking into account the fact that Russia reserves are second only to South Africa, it is logical investor interest in the leader, ie to Polyus Gold, which produced 38.6 tons, which together have extracted more than the company from the second to fifth place.

In the medium term we can expect heightened volatility. Recommendation to keep medium-term position and tighten the foot.

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