The Russian market is pushed from the nearest support of 860 points on the MICEX index and concluded the trading week, exactly a 200-day average (the two major U.S. index, as well as the British FTSE100 also completed Friday his bid to 200MA). Also worth noting that the MICEX index went beyond the downward trend which emerged in early June. The next resistance level could be in the region of 1000-1015 points.
Futures on the RTS index continues to be in bekvordatsii on the spot index, but its size has declined significantly - from 30 points at the close of market on 10 July to 12 points on 17 July. This can be seen as a positive signal, as well as fears about a possible reduction in the Russian market began to weaken.
figure head-shoulder with U.S. indexes are not implemented: quotes stayed neck line and has gone up, stopping, as we noted above, at its 200MA. In our view the likelihood of passage of the top level with the second fold is much higher than it was in early June, when the quotes come to 200MA for the first time this year. In the case of overcoming the mark of 950 points on the S P500 index could be expected to continue closing short positions, and significant growth.
After the consolidation in the region of 60 dollars per barrel, crude oil quotes have gone up and stayed near the 200-day average of the two major classes. For graphs of oil today is difficult to make assumptions about the short-term dynamics, but we probably would have preferred to put on a smooth growth, rather than the drop.
Resistance to schedule a pair of the ruble /dollar (minimum level since mid-March to late April this year), worked as well as possible and stop the fall of the ruble. We still do not look forward to an equally sharp movements in the Russian currency market and allow the devaluation of the ruble, only in the case of a substantial reduction in oil prices or a threat to balance of payments, the Russian Federation. We remain positive expectations for the Russian market in the medium and long term and consider any reduction in a good chance to recharge their portfolios in the first blue chips for more attractive prices, and shares the second-third tier.
We have no reason to expect a serious increase in the volume of trades in the near future. However, this does not mean that the major movements in the market can not be. Again, pay attention to the fact that the U.S. indices is very Bull picture, and beautiful it could be the completion of Perforation 200MA. In such a scenario, it is possible to count on a major upward movement.
After a fairly good growth in all markets last week, of course, you can count on some kind of correction. But we recommend that you currently work in the paradigm of a growing trend, that is used for Drawdown market purchases (when falling market is to use the same periods of growth for the exit long positions or to open a short).
| Authorize and appreciate the story;;
2 users rated material at 3,5.
|
Analyst Ratings
|
Loans to individuals - Market Review
Positive trend on the world sites continues to increase Russia's indices
Will the Russian market in a positive mood, or the first wave of a fixed profit would nullify all the achievements?
In terms of next week for quotations ruble on international FX the opportunity to represent a certain period of stabilization
Due to the positive Izvestiya outside the Russian stock indexes gaining between 10 and 17 July, slightly less than 11%
Recommendations for actions Gazprom oil VTB prefam Transneft and futures on RTS index
By mid-week market could satiable strong statements and begin to record profit
Investors are encouraged by the media statement rastirazhirovannoe H. Rubin
Morgan Stanley will receive tens of millions of dollars for organizing the IPO of AIG
The devaluation of the ruble is possible only if a substantial reduction in oil prices
The Russian market is pushed from the nearest support of 860 points on the MICEX index and concluded the trading week, exactly a 200-day average (the two major U.S. index, as well as the British FTSE100 also completed Friday his bid to 200MA). Also worth noting that the MICEX index went beyond the downward trend which emerged in early June. The next resistance level could be in the region of 1000-1015 points.
Futures on the RTS index continues to be in bekvordatsii on the spot index, but its size has declined significantly - from 30 points at the close of market on 10 July to 12 points on 17 July. This can be seen as a positive signal, as well as fears about a possible reduction in the Russian market began to weaken.
figure head-shoulder with U.S. indexes are not implemented: quotes stayed neck line and has gone up, stopping, as we noted above, at its 200MA. In our view the likelihood of passage of the top level with the second fold is much higher than it was in early June, when the quotes come to 200MA for the first time this year. In the case of overcoming the mark of 950 points on the S P500 index could be expected to continue closing short positions, and significant growth.
After the consolidation in the region of 60 dollars per barrel, crude oil quotes have gone up and stayed near the 200-day average of the two major classes. For graphs of oil today is difficult to make assumptions about the short-term dynamics, but we probably would have preferred to put on a smooth growth, rather than the drop.
Resistance to schedule a pair of the ruble /dollar (minimum level since mid-March to late April this year), worked as well as possible and stop the fall of the ruble. We still do not look forward to an equally sharp movements in the Russian currency market and allow the devaluation of the ruble, only in the case of a substantial reduction in oil prices or a threat to balance of payments, the Russian Federation. We remain positive expectations for the Russian market in the medium and long term and consider any reduction in a good chance to recharge their portfolios in the first blue chips for more attractive prices, and shares the second-third tier.
We have no reason to expect a serious increase in the volume of trades in the near future. However, this does not mean that the major movements in the market can not be. Again, pay attention to the fact that the U.S. indices is very Bull picture, and beautiful it could be the completion of Perforation 200MA. In such a scenario, it is possible to count on a major upward movement.
After a fairly good growth in all markets last week, of course, you can count on some kind of correction. But we recommend that you currently work in the paradigm of a growing trend, that is used for Drawdown market purchases (when falling market is to use the same periods of growth for the exit long positions or to open a short).
2 users rated material at 3,5.
Analyst Ratings
Loans to individuals - Market Review
Positive trend on the world sites continues to increase Russia's indices
Will the Russian market in a positive mood, or the first wave of a fixed profit would nullify all the achievements?
In terms of next week for quotations ruble on international FX the opportunity to represent a certain period of stabilization
Due to the positive Izvestiya outside the Russian stock indexes gaining between 10 and 17 July, slightly less than 11%
Recommendations for actions Gazprom oil VTB prefam Transneft and futures on RTS index
By mid-week market could satiable strong statements and begin to record profit
Investors are encouraged by the media statement rastirazhirovannoe H. Rubin
Morgan Stanley will receive tens of millions of dollars for organizing the IPO of AIG