External background before the opening of Russia's trading consists negativeny, America closed lower, Asia is trading in the red

Good day. In the course of trading Thursday, the local stock market experienced a decline. RTS index has lost 0,96%. The MICEX index fell by 1,8%. Trading volumes increased, reaching the area of maximum marks this year.

Most of Thursday was under the control of buyers, allowing the district to reach 1,220 points on MICEX. However, closer to the closing of trading on the market collapsed sale, swallowed daily growth.

In our opinion, on the equity market continues to form peaks. During the auctions the next few weeks expect the development of correction with the first goal in the 1050 points. Lower purpose of correction located in an area approximately 850 points on MICEX.

Bidding opens on Friday alleged in the neutral region. We recommend using the local price increases to exit the long positions, the opening of shorts.

Surrounding key support located at 1165-1170, then 1150 points on the MICEX. Primary resistance - 1220 points.

U.S. stock indexes closed lower Thursday. The worst of the market to feel the financial securities and oil and gas companies.

The financial sector was subjected to pressure against the backdrop of concerns about the decline in liquidity support to markets by the Fed.

commodity sector fell after oil futures, sales goal for which, in our view, is located in the region of $ 50-60 per barrel.

At the auctions in Asia, the decline is continuing. Additional pressure on the financial sector helped plan one of the largest financial companies in Japan (Nomura Holdings) add an additional share issue volume of $ 5.6 billion

on the SP 500 Futures traded at around 1,050 points. We expect a further reduction of the first goals of 1040, 1020 points. Possible rebound goal up - 1060 points.

Futures on RTS Index closed an evening trading session in the region of 120 000 points. Today possible rebound to 122 000 points, which we recommend be used for sales. Next goal of reducing located in the 115 000-118 000 points.

Within days the market will affect the following data:

- 16.30 Moscow time, orders for durable goods in the U.S.

- 17.55 Moscow time index of consumer confidence from the University of Michigan;

- 18.00 Moscow time sales in the primary housing market.

External Von negative. America closed lower, oil and gas sector is moderately worse than the market, the financial sector worse than the market. Asia is trading lower.

The final recommendations:

investors - keep;

speculators - sell short.

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