Monday, June 15, 2009

RTS: Recommendations for the market

At the end of Thursday the domestic stock market showed a slight increase in the minimum trading volume. RTS Index added 0.48%. MICEX index rose by 0.43%.
The greater part of the trading Thursday market held in the range of 1110-1140 points on the MICEX Index.
Opening Monday, we expect to gepom down. Immediate objectives of reducing - 1100-1110, 1080 items on the MICEX Index. The main resistance is located in the vicinity of 1150 points on the MICEX Index.
1080 sample points may lead to the return in the range of 970-1100 points on the MICEX Index, and may give rise to a full correction to the objectives in the region of 750 points.
U.S. stock indexes closed Friday neutral. In doing so, much worse the market feels the oil and gas sector, which will likely pressure on domestic buyers today.
At auction in Asia continues to decline. Paper commodity companies remain under pressure.
Futures on the index this morning, probably, will test support in the region of 111 000 points. The next goal is to reduce the area of 109 000, 107 000 points.
Futures continues to move in within the range of 107 000-114 000 points, which implies the game from the shop after reaching the lower limit of the range, the opening "short" positions in the area of 114 000 points.
Within days the market will affect the following data:
- 16.30 Moscow time index of business activity in manufacturing FRB of New York;
- 17.00 Moscow time the volume of purchases of American securities by foreign investors.
Negative external background. America closed neutral, oil and gas sector significantly worse than the market, the financial sector in the market. Asia traded mostly down.
Final recommendations:
Investors - "cut positions;
Speculators - "playing sales".

Managing assets Volynsky Alexander

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