Bad today look action “Savings Bank”, which provides support for the expectation of publication of financial statements of Western banks

Metallurgical rally continues

Start Monday was marked by a slight drop on the main indices, caused mainly by deterioration in commodity platforms, where oil futures traded below $ 77 a barrel mark Brent. The main reason for the correction in oil prices continues to be a strengthening U.S. dollar.

Minor sales, particularly in shares of Russia"s "oil industry" at the start of the trading day, pointed to the lack of willingness to sell, so the corrective wave reduction was used to form a position on the most liquid stocks. Intraday reversal was enhanced to improve the situation on foreign markets. In particular, the change of sentiment in commodity areas of the positive has led to purchases in shares of Russia"s oil and gas sector. In addition to the external positive, supporting quotations of shares in oil industry "and have an internal news, among them the news that tomorrow zero export duty on oil will be available for an additional nine fields in Eastern Siberia.

Technically, the majority of papers today, tested the local levels of resistance. In particular, Rosneft tested the strength of the upper limit of the price band, then emerged Consolidation mood. I recommend to use with the shares of Russia"s oil and gas sector speculative strategy, given the volatility in the currency and commodity markets. The reason for the aggressive profit-taking in shares of the industry can become a breakout down a pair of EUR /USD support 1,43, while keeping a given level of any corrective wave reduction recommend that you use for purchases.

Better the market is once again traded securities Russia metallurgical sector. The favorites are the shares of Severstal, which, in addition to the positive external environment, providing support and domestic news - namely, information that the company has signed an annual contract to supply products of the Cherepovets metallurgical plant with automobile companies, that is the fundamental reason for the purchases. Technically, the immediate goal of the shares of the company is at 400 rubles. In the case of penetration of this level would mark up to 430 rubles. Demand in the steel sector stocks continue; driver to continue shopping can serve as positive news from China - namely, data on industrial production, which will be published on Wednesday.

look bad today, and shares of Russia"s banking sector, supported by a wait of publication of financial statements of Western banks. In the first half of tomorrow"s demand for bank shares may be retained, but the fact of reporting Citigroup may yield clarity about the wave of profit taking.

Tomorrow"s session will be quiet in terms of macro-economic background. It should provide information on construction in the euro area, as well as the index of economic sentiment eurozone. The basic idea of the session will be the expectation of financial statements, which, if positive external signals can divert the MICEX index to the upper boundary of the medium-term rising channel (1490 points).

Output of U.S. company for 4 quarter of 2009 set the tone for trading, not only for the financial sector, but also for the whole market
The focus this week will be focused on the reporting of large U.S. banks
ISD is in talks to restructure the loans from 40 banks
Managers of Mitsubishi Motors and Peugeot-Citroen are in talks to swap assets
Better the market again today traded securities metallurgical and mining enterprises
In the growth leaders today were shares of companies of ferrous metallurgy, oil and gas sector are allocated "prefecture" Transneft "
Oil and gas companies leading the market of mergers and acquisitions in 2009
Experts predict a stabilization of prices of petroleum products in late January - early February
In the absence of trading in the U.S. indices showed Russia"s "bullish" mood, tomorrow"s session promises to be more volatile

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