Financial News and Economical Crisis

Below $ 65 a barrel oil, we do not expect

Oil prices can not adjust its fall and is holding back the enthusiasm of investors: in the course of trading on the MICEX index dropped support for the 1460 points. Overlooking this week in U.S. bank accounts can strongly influence the dynamics of the market, so early in the week, investors are not inclined to make sudden movements. Indicator of volatility (Average True Range) at the level of 2%, although its normal value of 6%.

From a technical point of view, the most weakly looks shares of Sberbank (priv.), but now few people who sell futures on this action. I have a friend that is 10 times trying to open short positions in the stocks in 2009 and only 2 transactions of 10 were profitable! Open a short position in 11 consecutive psychologically difficult. At a minimum, should doformirovat “second peak” at levels 76 - 77. We are preparing for the subsidence of the market in February, the signal for which the penetration will support 1,410 points on the MICEX index. Predict in advance how the market will fall as hard as ordinary motorists understand the normalcy of the brakes until the car is on a horizontal surface, and not on bias. As long as oil prices held above support $ 75.5 per barrel, while U.S. index of S P-500 above the level of 1115 points, the brakes in our market is difficult to verify. Now oil prices are declining due to meteorological forecasts of warming in the United States and the strengthening of the dollar. If January”s macroeconomic data in the U.S., which will come out in February, will fall short of investors” expectations, the oil will drop below the level of support to $ 75.5 per barrel. For the stock market is a good slope to check the brakes. Below $ 65 a barrel oil, we do not expect, but March and April will be for “neftebykov” complex.

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