The market of Russia will continue its upward movement, at least in the short term

The Russian market is being consolidated at the levels reached yesterday. Considerable growth yesterday helped the macroeconomic data and trends in oil prices. Better the market yesterday, shares of gas companies look to corporate news. Well looked banks, but rather a tribute to liquidity than the expectation of improving fundamentals. The market has shown resistance to the incoming negative and is likely to continue its upward movement, at least in the short term.

support the market may have information from abroad, but on the other hand, even if they will be worse than forecast, this could result in a maximum short-term record of profits. In general, investors are set for continued growth, against a background of improving fundamentals. Correction may take place onlywhen the output turns negative data that will be peremezhatsya to negative corporate developments.

Following the demonstrated resistance of the market, we recommend that you save long positions on the full range of securities. Especially promising seem shares of Gazprom, Tatneft, Gazpromnefti, Rosneft, MMC HH. Of the second tier are the Raspadskaya, Severstal, NLMK, TMK, Uralkali. Stop orders can be placed at the level of the previous local minima.

Analysis - Results of the day
The index of the Frankfurt Stock Exchange Xetra DAX fell 2.56 point, the index of the London Stock Exchange FTSE 100 rose 3.16 point
While bidding to develop the metallurgical sector: Severstal (4.5%), CMI (1.4%), NLMK (1.4%)
Of the notable events of this week is worth noting the agreement Alfa Bank to restructure the debt of the GAS
Leaders today are paper VTB, the growth associated with the collection of applications from shareholders to use the priority to buy additional issue of shares
Dow Jones hits a maximum of the maximum and are drawn to the euro
Support 1.4000 nevertheless been able to stop the fall of the euro
Goskomstat: Average charges for zhilkomuslugi in Ukraine in June increased by 31.8%
Opinion: The devaluation of hryvnia prior to the allocation of the IMF tranche - a sign of close games in exchange for the NBU command

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