Tuesday, June 2, 2009

BC "Alor +": Recommendations for futures on RTS index on Tuesday

Recommendations for futures on RTS index on Tuesday - Eugene Logvinenko, trader Operations Division short-term market OOO «ALOR +»

Possible scenarios of futures on RTS index in the near future:
The objectives of futures on RTS index when it is falling:
1) Red upward slant line - 88 000 points in futures on RTS index.
The time for achieving the objective:
a. 7 - 10 trading days.
2) Blue upward slant line - 100 000 points for the futures on RTS index.
a. 1 - 3 trading days.
The objectives of futures on the RTS index, with its growth:
3) The green horizontal line (resistance) - 114 500 points for futures on RTS index.
a. 1 - 3 trading days.
Recommendations for today:
1) Sell at the level of 114 500 points. Stop - loss put at the level of 115 500 points (with breakdown point down 114 500 points).

The evening session on FORTS 1 Jun, 2009:
Evening Session warned «bulls» optimism, and futures on the RTS index rose by 2500 points. The volume of trades - in the middle. Schedule index looks like a rocket taking off, but get on board, in my opinion, no longer stands. Accordingly, it is necessary to open a short position. An important level for the index - 114 of 500 items, and if futures below this value, it should be sold, and if the above - to close short positions.

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