A slight correction in prices of black gold will deter investors from active purchases

There are reasons for correction

At the end of the first trading session of the week the major indexes closed in the Russian material plus positive advantage in commodity markets, as well as the rising trends of American indices. Published closer to the closure of bidding, macroeconomic statistics for the United States has made a positive impact, allowing the index to test the SP 500 strong resistance to 1000 points. This has not gone unnoticed by Russian investors who are actively open positions at the finish of trading session. After the end of the trading situation in domestic venues in external markets remained positive, but the reasons for the correction, too, are so neutral after opening it is likely decline.

The first major cause, in my opinion, from the speculative nature of yesterday's growth, as evidenced by a low volume. Therefore, at a neutral external background fixing profit inevitable. In my opinion, the Russian market scenario could be repeated bidding Asian sites, in particular the Chinese market, the index which, after a moderatepositive left in the negative zone. Worth noting a significant increase in the Mexican market, stand out from all the developing markets, which prior to the index rose by over 2% against the backdrop of rising prices for raw materials.

slight correction in prices of black gold in half below the level at which the closed domestic market, will also retain investors from active purchases. The deteriorating situation in commodity markets will lead to the sale of ADRs for shares of domestic syrevikov that can enhance sales and on the local market.

Technical factors are also in favor of correction. MICEX index closed at the lower limit of the medium-term ascending channel, formed earlier this year, which was released in late June. At the opening of the index will test the strength of this level, in particular, the 1100 points mark, and then likely return to the level of 61,8%-term correction of Fibonacci from year highs, the 1080 district points. Given the increased volatility in the local paper, do not rule out testing the support level of 1060 points.

According to the results of yesterday's session, the major U.S. indexes closed down more than a percentage plus. Bookmark steel stocks of commodities on a background of optimism in commodity markets. It is necessary to provide data on sales automobile concern Ford, who for the first time in two years grown to be a positive factor and commodity quotes, because in the long run it may increase demand. U.S. futures indices are adjusted downward, which will keep the market from the purchases.

anticipate will increase the volatility of macroeconomic statistics bidding. Interesting data in the first half of the session will be productive, inflation in the euro area, which traditionally draws the attention of the ECB to decide on a rate and with forecasts for monetary policy - that is important in light of the expected meeting of the ECB on Thursday.

Authorize and appreciate the story;;

3 users rated material at 3,7.


Analyst Ratings


Today, the situation on the Russian market less funny, and U.S. oil futures decline
Against the backdrop of the rally in the financial sector of the Russian banks can now continue to rise
Despite the morning's decline, oil prices could easily go in the coming days to mark the conquest of $ 75 per barrel
In the near future, the paper, Rosneft and Lukoil will look better than the market
Expected opening bid gepom up the RTS index in 1,2-1,8%, with possible further decline
European stock markets came on Monday to a new peak in the current year
Antidollarovye sentiment helped investors push quotes European currencies to the peak of this year
From a technical point of view, the Dow Jones index again set a new maximum in the 6-month rebound, with the bulls came to 9300 points
Kommersant: Telephones have been half a year of freedom



Leave a Reply
\