Wednesday, May 27, 2009

GC "Alor": «Bychi» mood MICEX index back to the level of 1080 points

Under the curtain trading session, the Russian market has been published positive statistics on an index of consumer confidence in the United States, which changed the course of bidding. During yesterday's session, falling sales for the futures on oil and the U.S. indexes, MICEX index rushed toward 1000 points. However, statistics suspended sales and reverse the part of the fall, bringing the ruble index closed in the red percentage. From a technical point of view, an important event was the closing gepa on MICEX index of 26 May. External background, existing today, also offers an index path to the upper level of the rising channel, formed in February of this year. Resistance will make the level of 1050 points, in the case of Perforation by MICEX index back to the upper boundary of the channel - 1080 points.

Following the closure of Russia's growth platforms in the stock market the U.S. will continue. Dow Jones index once again closed around 8500 points mark. It seemed the paper market financing structures, as well as shares of commodity companies. A strong positive momentum in commodity markets, observed yesterday, has provided substantial support for securities sector. Now futures for U.S. indices traded near the zero mark, and not to hinder the purchase. Adjust the mood of market participants can publish statdannyh United States - at 18:00 Moscow time the sale will be published on the secondary housing market for April.

Better the market shares today will look like the oil and gas industry. Futures oil brand Brent after the closure of the Russian market turned up and not only stayed up the level of $ 61 per barrel, but kept above it. However, in my view, the fundamental reason for such rapid growth in commodity markets is not. Today at 18:30 Moscow time will be announced on oil and petroleum products in the U.S. that will determine the mood in the «neftyanke» eve of announcement of the decision by OPEC quotas to mine «black gold». The immediate objective of shares «Gazprom» will be the level of 175 rubles., In the event that shares of Perforation test box 177.5 rubles. The closest level of support will make 21-day moving average, which lies close to the mark 165 rub. In addition to a positive external background, supporting pleadings «Gazprom» will also learn about the increasing presence of companies in the Far East.

Shares of banking sector to follow the general increase in the Russian market. For five consecutive sessions of Sberbank shares test the level of 40 rubles. per share. External background of the current before the opening of bids, contributes to this level of Perforation. In the case of Perforation mark 40 rub. I recommend to open a position with a view to 45 rubles. The closest level of support will mark 39 rub. per share.

Futures on gold after the closure of local sites stayed up boxes $ 950 per troy ounce. However, a positive external background is not conducive to shopping in the «protection» of instruments, and at the moment futures for gold again went below the psychologically significant level that would affect the dynamics of paper gold mining companies in Russia. Promotions «Polyus Gold» yesterday followed the dynamics of the commodity market and in sales again fell in the downstream channel. To support the point made by the 1350 rub. Which is also valid for the current session. The next level of support can be a mark 1327 rub. Promotions «Polimetall» under the influence of internal ideas. Yesterday, the paper looked much better than the market, which could be due to several reasons, most of them - buying securities in anticipation of the major foundations of including stock index MSCI Emerging markets. Papers closed above the important level - 250 rub. That at the current session can serve as a support.

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