Accumulated oversold can lead to rebound up during today”s trading

By admin at 19 February, 2010, 6:18 am

The fall in global stock markets caused by the initiatives of the U.S. Administration to impose restrictions on the investment activities of banks continues.

On Friday, S P500 demonstrated for the third consecutive day of decline, with rates of downward movement is increasingly accelerated. The closest level of support for this indicator is the level of 1085 points, corresponding to not only the 100-day moving average, but the lower boundary of the corridor, in which the American stock market consolidated in November-December. In support of oil are waiting at $ 70 per barrel Brent. As for today"s trading session on Russia"s stock market, we do not rule out that after opening with a slight downward gepom will attempt to improve the game.

early as Friday on the graphs of the basic "chips" formed signals a possible rebound upward. Lukoil, Tatneft and Gazprom have even been able to go upstairs at the closing, despite the fall in price oil. Today, however, and futures on the S P500 grow (0.5%), and Asia are selling very restrained, as if reluctantly.

Therefore, if a gap down opening, we suggest that speculators play in its closure.

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