Today is definitely the game in the hands of the Bears

To understand how to open the trading session in Russia are usually fairly cursory look at external factors, but for the second consecutive day, have to peer into the details.

Glimpse into the market may suggest that this is uniquely the game in the hands of the Bears - American indexes closed in negative zone, the Asian indices to a greater extent are colored in red, while the increase in raw material market is very modest, and its can absorb only as a technical rebound.

But worth a look deeper and you will notice that these factors are questionable. At the auctions in America was a stubborn struggle between the bulls and bears, not panic sale of securities. Asian indices, although it is now traded on the territory of the bears, they have noticeably receded from sessional minima. A small step for the cost of oil could become a big step for Russia's bull. After having risen so little, the oil contracts were able to return to the downlink from the beginning of August 2009. Although short-term trend in the oil market is downward, with quotes Brent oil again from a technical point of view a chance to return to the area 72/72, 5 dollars per barrel.

So the bulls advisable to maintain long positions, even if the Bears in the first half of the day will rule the market. Active speculators should only look at the fact that the popular market quotations are not dropped a long time (more than an hour) for local support. The closest level of support for Gazprom shares - 177.5 rubles, for papers commissioning - 1640 rubles for Rosneft shares - 226.5 rubles for Savings Bank - 59.5 rubles to VTB - 0,054 rubles, for MMC Norilsk Nickel - 3670 rubles, for MTS - 197 rubles, for Uralkali - 112 rubles, for Polyus Gold - 1330 rubles.

Shares RusHydro yesterday fell below the strategic milestone - 1,04 rubles. With the breakdown of the level we were forced, in obedience to a strict trading strategy to close the active position on paper, but the medium-term long positions, we still are holding. Last week we noticed that the shares RusHydro well kept, when the market storm. At such moments, they do not grow, but the portfolio is not heavily defeated.

Negative closing trades in the United States on the eve of levels the increase in the oil market
Any negative now perceived as a pretext to commit, so it's possible a more profound drop in the indices
Today, before the next portion of statistic data from the U.S. market will rule the speculative mood
Today, Russia's market may open at yesterday's closing levels, or with a small gap up within 0,5%
Shopping on Russia's markets are becoming less confident in the coming days, volatility will remain high
FAS Russia will turn to Russia for YOU confirm the validity of their conclusions about the non-competitive behavior, TNK-BP
Prices for gold and oil futures yesterday finished neutral
Dollar depreciated - the morning review of cash markets
U.S. preparing sanctions against companies insuring the supply of oil products in Iran

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