Thursday ended lower confident quotations major domestic issuers. The MICEX index fell 2.46%. Trading activity fell slightly compared with the maximum protection.

In the first half of the day MICEX under the influence of moderate sales area of 1,420 items tested, which ranged up to 16.30 Moscow time. The negative data on the U.S. economy led to a resumption of decline, during which the MICEX Index reached support at 1390-1400 points.
U.S. stock indices closed Thursday in a deep negative. Sales due to weak data on the labor market (projected decline in the number of applications for unemployment benefits up to 455 thousand in fact increased to 480 thousand), disappointing corporate accounts (MasterCard, Kellogg, Monster Worldwide), as well as concerns about the growth of budget deficits some euro zone countries (Greece, Portugal, Spain).

At the auctions in Asia is dominated by negative sentiment. But a collapse is not observed. It may be noted that the markets traded in the region is stronger than would be expected based on the outcome of trades in the United States.

Futures Brent oil moves this morning at around $ 72. Main support is at $ 70-71, which formed a local “double bottom”, and is the lower limit of the range of $ 70-75-80. Output below $ 70, is likely to entail achieving the next level of $ 65, then possibly $ 60.

Futures on the SP 500 during the U.S. trading session has tested supp1000ort at 1,060 points. Currently, futures rebound to 1065 points. We give preference to sales. The first attempt to reduce the expected resumption from 1070 points, then from 1080.
At the same time, the return above 1080 points will give a strong signal to buy, consider allowing access to 1060 as a false breakdown. Exit above 1070-1080 and then return below 1070 is considered as a signal to sell.

Friday on Russia”s stock market expected to begin with a gap down in the course of which may be tested support at 1,370 points.

Speed and power reduction on Thursday gives grounds to speak about the start of the correction with the first goal in the 1200 points on the MICEX. In this case, is a logical game for a fall even from current levels.

However, the first decline to 1370 points on MICEX may want to use for purchases for speculative purposes in the calculation to rebound, the formation of local “double bottom” and the refinement of the range of 1370-1400 points. Break 1365-1370 points, followed by a return above this level should also be used for purchases.

to rebound recommend opening up “short” positions. Output below 1365-1370 points is likely to lead to achieving the next level of support at 1340, 1300.
Futures on RTS Index closed the evening session in the region of 142 000 points, breaking the previous local minimum of 143 000 points. The next target is located on the sales of 140 000, then 135 000. Possible rebound goal for today - 143 000-145 000.

The main influence on the course of trading on Friday, likely to have comprehensive data on the labor market in the U.S. in January. The threat to “bear” is in reaction to the negative data on applications for unemployment benefits on Thursday. Perhaps the potential weakness of the Friday data has already been played yesterday.

External Von negative. America to close certain decline, oil and gas sector is moderately worse than the market, the financial sector worse than the market. Asia traded mostly down.

The final recommendations:
Investors - cut position “;
speculators - “use bounces up to play in the fall, may purchase items from 1365-1370 on MICEX”.

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