Moderately positive external background: America to close a moderate increase, Asia traded mostly up

By admin at 13 June, 2009, 6:06 pm

Good day. Tuesday ended with divergent changes in the domestic stock indexes. RTS Index added 0.79%. MICEX index lost 0.58%. Trading volume remained low, virtually unchanged from Monday.

gepom opened up in the morning, the market has experienced decline, after which consolidated most of the trades in the region of 1110-1120 points on the MICEX Index.

opening environment we expect in a moderately positive zone. Ongoing consolidation, it seems, is preparing for a strong movement in the direction of which will be determined by a puncture of 1080-1100, or 1170 points on the MICEX Index.

Exit 1080-1100 items below may lead to movements in the region with the aim of 970 points in the deep range of 970-1100 points on the MICEX Index.

puncture resistance at 1150-1170 points greatly increases the chances of a local maxima in the region of 1200-1220 points.

U.S. stock indices closed auction Tuesday moderate increases. Better feel most high-tech sector, which is associated with positive forecasts from Texas Instruments.

bids in Asia continue to purchase. But leadership is intercepted paper commodity companies, which supported rising prices for oil and metals.

Futures on the SP 500 is currently trading above 940 points. The main level of resistance is located in the vicinity of 950-960 points. Exit above this level, we believe, lead to develop the range of 950-1000 points. The basic level of support - 930 points.

Futures on RTS Index in the evening trading session, the district has reached 111 000 points. The following objectives of growth - 112 000, 114 000 points. Main support is situated in the area of 108 000 points.

Stop by the long positions recommend that you place below the 107 000 points. In the event that the area of 113 000-114 000 points recommend opening shorts with the foot above 115 000-116 000 points.

Today will be published the following economic data:

- 16.30 Moscow time the U.S. trade balance;

- 18.30 Moscow time data on oil and gas reserves;

- 22.00 Moscow time record Fed (beige book).

moderately positive external background. America to close a moderate increase, oil and gas industry to better market, the financial sector in the market. Asia traded mostly up.

Final recommendation:

Investor - cut positions;

speculators - playing sales.

Authorize and appreciate the story;;

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