Following Friday MICEX Index lost 0.2%. Trading activity remained the same.

In the first half Friday, the market was able to update the local maxima, reaching 1,470 points on the MICEX. However, to gain a foothold on the values could not be reached, most of the day, the MICEX Index is moderately decreased by testing closer to the closure of support at 1,450 points.
Today dominates moderately negative external background.

The price of Brent oil has broken support at $ 77-77,5, reaching $ 76.5. The next target is selling at around $ 75, where futures can move to simulate the range of $ 75-80, or continue to decline to $ 70.

U.S. stock indexes closed lower on Friday. Worse than most traded financial sector, which contributed reporting JPMorgan Chase, reflecting the loss of retail units.

In the Asian session observed moderate sales. Stock markets in the region act out American news, focusing on the U.S. index of consumer confidence, which rose on Friday, less than expectations. Index reached 72.8 points, the consensus forecast assumes a growth of 74 items.

SP 500 Futures on Friday tested support at 1125-1130 points, continuing the fluctuations within the range 1130-1147,5. Overcoming the 1125 points would endanger test 1110 points, possibly denoting a turn. In the meantime, the chances are saved to the output to 1,200 points.
Thus, today, expect a moderately negative opening of trading on the equity market, followed by attempts to purchase, the success of which will depend on whether it would be possible if oil futures back above $ 77-77,5, and futures for SP 500 to continue the refinement of the range 1130-1147,5.

Levels of support are located on the MICEX Index 1445-1450, then 1430, paragraphs 1400-1410.
The following goals of growth - 1470, 1500, 1550-1600 items.

Futures on RTS Index at the evening session on Friday tested support in the area of 155 000 points. This morning, expect an attempt to return to above 155 500 to continue the fluctuations in the 155 500-157 000 points. In the case of deterioration of the external background waiting for test support at 153 500, perhaps 151 500.

U.S. stock markets are closed today in celebration of Martin Luther King Day.
External von moderately negative. America closed lower, oil and gas sector is moderately better than the market, the financial sector is worse than the market. Asia traded mostly down.

The final recommendations:
Investors - cut position “;
speculators - “play to improve”.

log in and see the material;;

1; user rated material at 2.

Analyst Ratings


In the first round of presidential elections in Ukraine leader Viktor Yanukovych, the second position is Yulia Tymoshenko
The reason for thed8fsales today will decline in oil prices, resulting in oil and gas sector could reach the market outsiders
In the absence of ideas in the most liquid securities market participants can re-think of the shares of energy and telecom
In anticipation of new financial reports of fored6bign companies can leak the information that several enflame markets
Against the background of falling Asian sites opening Russian Trading today is expected in the “red zone”
In the middle of the day in Russia market can sluggish growth, the outcome of the auction to determine the dynamics of commodity exchanges
Futures on the RTS index for day and evening Friday lost about 0.7% recorded as at the mark of 155 185 points
Today the U.S. stock exchanges will be closed, so investors” attention will be focused on domestic fundamentals
Russia Market opens today with a gap down in the range 1,5-2%

This entry was posted on Sunday, January 24th, 2010 at 12:10 pm.
Categories: News and Comments.

No Comments, Comment or Ping

Reply to “External background moderately negative for the market of Russia, America closed lower, Asia traded mostly down”