long-term potential market of second and third-tier
RTS index has approached the level of resistance associated with the previous local peak. He came in the form of the ascending triangle. The closure was higher than the level of resistance. Ahead lies neprotorgovanny range up to the level of 1900.
It can stop at the level Fibonachi 161,8%, there is only a small hitch in the trade. Therefore, in the case of a penetration level of resistance and favorable external factors technically path lies to the level of 1900.
MICEX Index is also suitable to the level of resistance associated with the previous maximum. Suitable as an ascending triangle, but the level of resistance is not overcome.
In the case of overcoming at Fibonachi 161,8% index in well-rested have losses channel. Therefore, the favorable developments, the MICEX index stuck in the canal 1650-1950. Probably the first two times it will affect the level of 1580.
For the MICEX Index is a good technical picture, but not as gleaming as for the RTS index.
MICEX 10 already reached the level of the end of 2007, which is its resistance level at the moment. The index is suitable to the level of resistance through the ascending triangle. But the triangle is almost completed and is also well ahead have losses range. Moving towards a new technical objectives for the rising of the MICEX Index is technically the most difficult.
You can make the assumption that investors' attention on the growth of the market will move to the less liquid securities. In this aspect, it becomes clear why technically for the index of the MICEX more prospects and more prospects for the RTS index.
Let's see if it supports these goals, the world economy. First look at the world indexes.
Part of the world indices have already overcome resistance levels - ranges have losses related to the fall in the autumn of 2008, and reached the level of late 2007 and early 2008. These include the Nasdaq Composite, Shanghai Composite (China), CSI200 (China), BSE Sensex (India), Bovespa (Brazil), KOSPI (Korea), Merval (Argentina), FTSE (UK).
Another part of the world indices only overcame the resistance level-ranges have losses related to the fall in the autumn of 2008, and reached the level of late 2007 and early 2008. These include Dow, SP 500, World Leaders (nyse), Nikkei (Japan).
Most of the indexes have reached the level of late 2007 and early 2008. Remaining overcome the resistance and go to these levels. Only indexes MICEX and RTS was cut up from their levels of resistance.
World Indices, as speculative, can be considered leading indicators. Particular attention should be paid to the fact that the best results demonstrate the technological indexes in comparison with industry. So the speed faster than the speed Nasdaq Dow and the speed of SP 500. China, India, Brazil, Korea, leading the restoration of indices developed countries.
Russia as commodity-dependent countries, heavily dependent on commodity prices. Looking at commodity prices to get the picture less rosy.
In the market of raw material situation is mixed. Indices of petroleum of mark Brent, gasoline and fuel oil are consolidated near the levels of resistance, but not overcome them. Technical indicators do not point to overcome the resistance levels at the moment. Yes and October - the time for financial markets traditionally risky. At the same time overcoming the resistance levels, and this could happen in November, paving the way to the levels of late 2007.
Part of indices of non-ferrous metals consolidated near the levels of resistance. Among them, the indices of aluminum, nickel, tin.
price index of other metals to overcome resistance levels and left, or go to the level of the end of 2007. Among them, copper, palladium, lead, zinc.
A substantial part of the price indices for non-ferrous metals overcame resistance levels associated with the autumn crisis, emerged from the consolidation, and either reached the level of prices in late 2007 or go to him.
In the field of precious metals, gold is near the highs of 2008. Silver broke the resistance level and reached the level of spring-summer 2008. Platinum broke through the resistance level and is located near the top.
October - traditionally a risky month for financial markets. Also this off-season. To break through the price of oil up in October of factors is less than in November - the start time and New Year's rally and the heating season.
cardinal drop of oil down is unlikely - if the price of oil below $ 75 a barrel, some states will not invest in the expansion of oil production, ie its proposal would be reduced. And the longer the oil price will be below $ 70, the stronger will be the next takeoff.
Russiastill raw country with many serious structural problems. Therefore U.S. indexes will rise due to penetration of the prices of their raw levels of resistance and especially the price of oil.
Thus, penetration of Brent crude oil price level of resistance in the $ 75 and exit at the level of $ 80 can be considered as a factor in the beginning of the rally the RTS index and the MICEX. MICEX 10 will range from well have losses, so its movement will be harder. But it is natural - pull up the price level of the second and third tier.
Failure penetration levels of resistance indices RTS and MICEX, if this still happens, should be regarded as a very bad signal, especially for our economy. This means the difference securities of the second and third tier with liquid securities and securities of other countries.
Considering all the same recovery of the world economy, we can expect tightening market second-and third-tier (MICEX and RTS) to the more liquid securities and securities to the world community.
The RTS and MICEX, now at the point of bifurcation. There are options to jerk upward through neprotorgovanny range, or affect down. Much depends on future reporting and oil prices. If the winter turns cold and the oil penetrates the resistance level - that will be a chance to see the rally in the papers of the second and third tier, which is very strongly behind the blue chips.
Of course, the formation of the portfolio is useful to look at the fundamentals and the potential for profit growth.
Figure 1. Weekly schedule of the RTS index
Figure 2. Weekly schedule of the MICEX Index.
Figure 3. Weekly schedule of the MICEX Index 10.
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Analyst Ratings
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Latvia wants to send a portion of the IMF and the EC on budget support, rather than banks
The government allowed the State Tax Administration to cancel the registration of VAT payers
Analytics - results
Day Energy, the World Capital Market, Currency, Weather …
Futures on the RTS and MICEX traded in bekvordatsii, which may be indicative of the negative expectations of bidders
Technical analysis of Gazprom shares
RTS index is expected to rise to the level of 1750 points by year's end, as well as strengthening of the ruble to the level of 27 rubles per dollar
Prices EUR /USD pair consolidated in range bound levels of 1.4780 - 1.4815
Review of the precious metals market for 22.09.09
The growth of quotations of gold at the auctions in Asia posed a positive tone in all commodity markets
If oil penetrates the resistance level of 75-80 dollars, will have a chance to see the rally in the papers of the second and third levels
long-term potential market of second and third-tier
RTS index has approached the level of resistance associated with the previous local peak. He came in the form of the ascending triangle. The closure was higher than the level of resistance. Ahead lies neprotorgovanny range up to the level of 1900.
It can stop at the level Fibonachi 161,8%, there is only a small hitch in the trade. Therefore, in the case of a penetration level of resistance and favorable external factors technically path lies to the level of 1900.
MICEX Index is also suitable to the level of resistance associated with the previous maximum. Suitable as an ascending triangle, but the level of resistance is not overcome.
In the case of overcoming at Fibonachi 161,8% index in well-rested have losses channel. Therefore, the favorable developments, the MICEX index stuck in the canal 1650-1950. Probably the first two times it will affect the level of 1580.
For the MICEX Index is a good technical picture, but not as gleaming as for the RTS index.
MICEX 10 already reached the level of the end of 2007, which is its resistance level at the moment. The index is suitable to the level of resistance through the ascending triangle. But the triangle is almost completed and is also well ahead have losses range. Moving towards a new technical objectives for the rising of the MICEX Index is technically the most difficult.
You can make the assumption that investors' attention on the growth of the market will move to the less liquid securities. In this aspect, it becomes clear why technically for the index of the MICEX more prospects and more prospects for the RTS index.
Let's see if it supports these goals, the world economy. First look at the world indexes.
Part of the world indices have already overcome resistance levels - ranges have losses related to the fall in the autumn of 2008, and reached the level of late 2007 and early 2008. These include the Nasdaq Composite, Shanghai Composite (China), CSI200 (China), BSE Sensex (India), Bovespa (Brazil), KOSPI (Korea), Merval (Argentina), FTSE (UK).
Another part of the world indices only overcame the resistance level-ranges have losses related to the fall in the autumn of 2008, and reached the level of late 2007 and early 2008. These include Dow, SP 500, World Leaders (nyse), Nikkei (Japan).
Most of the indexes have reached the level of late 2007 and early 2008. Remaining overcome the resistance and go to these levels. Only indexes MICEX and RTS was cut up from their levels of resistance.
World Indices, as speculative, can be considered leading indicators. Particular attention should be paid to the fact that the best results demonstrate the technological indexes in comparison with industry. So the speed faster than the speed Nasdaq Dow and the speed of SP 500. China, India, Brazil, Korea, leading the restoration of indices developed countries.
Russia as commodity-dependent countries, heavily dependent on commodity prices. Looking at commodity prices to get the picture less rosy.
In the market of raw material situation is mixed. Indices of petroleum of mark Brent, gasoline and fuel oil are consolidated near the levels of resistance, but not overcome them. Technical indicators do not point to overcome the resistance levels at the moment. Yes and October - the time for financial markets traditionally risky. At the same time overcoming the resistance levels, and this could happen in November, paving the way to the levels of late 2007.
Part of indices of non-ferrous metals consolidated near the levels of resistance. Among them, the indices of aluminum, nickel, tin.
price index of other metals to overcome resistance levels and left, or go to the level of the end of 2007. Among them, copper, palladium, lead, zinc.
A substantial part of the price indices for non-ferrous metals overcame resistance levels associated with the autumn crisis, emerged from the consolidation, and either reached the level of prices in late 2007 or go to him.
In the field of precious metals, gold is near the highs of 2008. Silver broke the resistance level and reached the level of spring-summer 2008. Platinum broke through the resistance level and is located near the top.
October - traditionally a risky month for financial markets. Also this off-season. To break through the price of oil up in October of factors is less than in November - the start time and New Year's rally and the heating season.
cardinal drop of oil down is unlikely - if the price of oil below $ 75 a barrel, some states will not invest in the expansion of oil production, ie its proposal would be reduced. And the longer the oil price will be below $ 70, the stronger will be the next takeoff.
Russiastill raw country with many serious structural problems. Therefore U.S. indexes will rise due to penetration of the prices of their raw levels of resistance and especially the price of oil.
Thus, penetration of Brent crude oil price level of resistance in the $ 75 and exit at the level of $ 80 can be considered as a factor in the beginning of the rally the RTS index and the MICEX. MICEX 10 will range from well have losses, so its movement will be harder. But it is natural - pull up the price level of the second and third tier.
Failure penetration levels of resistance indices RTS and MICEX, if this still happens, should be regarded as a very bad signal, especially for our economy. This means the difference securities of the second and third tier with liquid securities and securities of other countries.
Considering all the same recovery of the world economy, we can expect tightening market second-and third-tier (MICEX and RTS) to the more liquid securities and securities to the world community.
The RTS and MICEX, now at the point of bifurcation. There are options to jerk upward through neprotorgovanny range, or affect down. Much depends on future reporting and oil prices. If the winter turns cold and the oil penetrates the resistance level - that will be a chance to see the rally in the papers of the second and third tier, which is very strongly behind the blue chips.
Of course, the formation of the portfolio is useful to look at the fundamentals and the potential for profit growth.
Figure 1. Weekly schedule of the RTS index
Figure 2. Weekly schedule of the MICEX Index.
Figure 3. Weekly schedule of the MICEX Index 10.
9, users rated material on 3,4.
Analyst Ratings
Latvia wants to send a portion of the IMF and the EC on budget support, rather than banks
The government allowed the State Tax Administration to cancel the registration of VAT payers
Analytics - results
Day Energy, the World Capital Market, Currency, Weather …
Futures on the RTS and MICEX traded in bekvordatsii, which may be indicative of the negative expectations of bidders
Technical analysis of Gazprom shares
RTS index is expected to rise to the level of 1750 points by year's end, as well as strengthening of the ruble to the level of 27 rubles per dollar
Prices EUR /USD pair consolidated in range bound levels of 1.4780 - 1.4815
Review of the precious metals market for 22.09.09
The growth of quotations of gold at the auctions in Asia posed a positive tone in all commodity markets