Futures on Brent continues to move in the corridor
In Friday trading on the energy market were in the negative dynamics. Following the publication on Wednesday of data of the Ministry of Energy, which showed growth of oil reserves second week in a row, before the end of the week sales continued to exert pressure on the market. On Friday, an additional negative for energy prices was the statistics on consumer sentiment index at Michigan State University. All this led to the achievement of futures Brent crude level of 77 dollars, where he graduated week.
Today, the morning session of the sale continue to dominate, leading to the continuation of the negative dynamics. As a result, the 12/10 futures on Brent crude sank to a level of 76.8 dollars per barrel.
In the future dynamics of the market today, we do not expect major changes in either direction. The lack of important macroeconomic data, which could affect the dynamics of the market, and output in the U.S., will lead to low activity of the players.
From a technical standpoint, the futures on Brent crude passed the middle of the corridor between the levels 75 - 80, thus confirming the abolition of the growth scenarios, the aim of which could become a standard $ 87. The dynamics of the past month and a half can be seen as an attempt to shake the players” corridor of consolidation, in which quotes had more than a month. But take away the market is far from the prevailing levels of the players have not yet obtained and prices once again returned to the corridor. It is likely that in the coming days futures could test the lower limit of the corridor, where and to define further the dynamics of the contract.
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Today the market of Russia continue to dominate sales, which led to the continuation of the negative dynamics of trades
Futures on Brent continues to move in the corridor
In Friday trading on the energy market were in the negative dynamics. Following the publication on Wednesday of data of the Ministry of Energy, which showed growth of oil reserves second week in a row, before the end of the week sales continued to exert pressure on the market. On Friday, an additional negative for energy prices was the statistics on consumer sentiment index at Michigan State University. All this led to the achievement of futures Brent crude level of 77 dollars, where he graduated week.
Today, the morning session of the sale continue to dominate, leading to the continuation of the negative dynamics. As a result, the 12/10 futures on Brent crude sank to a level of 76.8 dollars per barrel.
In the future dynamics of the market today, we do not expect major changes in either direction. The lack of important macroeconomic data, which could affect the dynamics of the market, and output in the U.S., will lead to low activity of the players.
From a technical standpoint, the futures on Brent crude passed the middle of the corridor between the levels 75 - 80, thus confirming the abolition of the growth scenarios, the aim of which could become a standard $ 87. The dynamics of the past month and a half can be seen as an attempt to shake the players” corridor of consolidation, in which quotes had more than a month. But take away the market is far from the prevailing levels of the players have not yet obtained and prices once again returned to the corridor. It is likely that in the coming days futures could test the lower limit of the corridor, where and to define further the dynamics of the contract.
&db1lt;table class=”customer-rating” cellspacing=”0″ border=0 cellpadding=”0″>
Your score will be the first!
Analyst Ratings
This week Russia”s indd80ices at best, be able to “heave” and keep the progress in the beginning of the year levels
Viktor Zubkov: Major work on the construction of South Stream will start autumn 2010
Outside the background of recent days has been controversial
Kommersant: Goods recirculated
Were stretched wide network
In the fourth quarter of 2009, retail trade turnover began to grow. Retailers are hoping that the worst is over …
Russia”s indexes with the support of European stock exchanges traded in a slight increase, again leading paper “telecom”
Today, the market demand for Russia to continue in some second-tier stocks
Negative factor in the market of non-ferrous metals appear significant fluctuations in the currency market and weak demand
Better the market traded securities telecoms: “North-West Telecom (2.52%), Sibirtelecom (1.96%)