Yesterday, trading in the energy market opened lower prices. Market adjusted decline the previous day, resultin1000g in futures on crude oil brent down to the level of $ 73, from which a new wave of growth. Purchases in the market contributed to the weakening dollar on international currency markets. An additional factor is about reducing the real level of OPEC production, released on Monday. At the end of trading positive trend in oil prices contributed to the growth of American playgrounds. As a result, by the end of the day the contract for Brent was able to rise above $ 75 and reach the level of $ 76, and completed his trading session.

At the morning session of the Brent futures continued upward momentum, despite the report of the American Petroleum Institute (API), which demonstrated the growth of hydrocarbon reserves. As a result, the contract was trading at 11.00 at 76.3 dollars per barrel. Today, the focus of players will be drawn to the U.S. Department of Energy data on stocks of oil and petroleum products, which will be published today at 18.30 Moscow time. It is worth noting that the report of the Ministry, lately, very often at variance with the data API, up to the mark, which leads to a lack of market reaction to the report API. An additional factor will be the ADP data on employment in the U.S..

From the technical point of view, the futures for Brent crude was able to overcome the resistance at 75 dollars. In this immediate level, which may prevent the upward movement, is the level of 80 dollars. In the case of reversal under this level, the contract will begin forming the left shoulder in the model”s head - shoulders, neck line, which is the level of 71 dollars. Break of this level would mean the final formation of the model. At the same time to reduce the level will be $ 60. If level 80 is overcome, the next resistance for the contract will be a maximum of this year, located at 82 dollars.

The positive market reaction received the operating results of Severstal for 4 quarter of 2009, quotes, add more than 3%
If the statistics from the U.S. will be positive, the MICEX index can close above the current daily maximum
Ministry of Industry: Manufacture of aluminum in Russia decreased by 8,9%, copper - by 0,8%, Ni - 2,5%
Ministry of Industry: In the first 11 months of 2009 the volume of arrears Russian automakers totaled 59.1 billion rubles
Ministry of Industry: In 2009, production of chemical products in Russia decreased by 5,4%
One indicator of take, noticed that a second, and third …
All of the sale of housing in the United States, supplemented by indicators of profits, were the main cause of continuing the two-day rally on the American stock exchanges
Quarterly report of the Federal Reserve in January 2010
Ukraine gets down with sugar needle