Update annual highs or significantly roll back down?

At moderately positive external background and desire to take profits in anticipation of the outcome of the meeting the U.S. Federal Reserve, and after yesterday's growth of Russia's market opened neutral. Market participants resorted to sales - but not for long. Futures on the U.S. indices exploded up - growth in futures on the index SP 500 was able to suspend only the 1070 points mark. Futures for Brent crude walks around the mark of $ 70 per barrel, without giving any reasons for shopping or to reduce.

After the session on domestic platforms will be one of the most important events of the week - the announcement of the outcome of the Fed meeting. So the risks of transfer of positions for tomorrow is quite substantial. Decision on the rate unlikely prepodneset surprise and pose no threat. However, the comments B. Bernanke will be given close attention. Responding to them will affect Russia's market tomorrow at the opening. First and foremost interest is the program to repurchase goszaymov. The Fed had planned to complete the program, and today will be delivered at a final decision. Termination of the program, market participants could be regarded negatively, because it would have stopped an additional influx of liquidity. Reflect the decision of the Program and the foreign exchange market. Completion of its support the U.S. dollar, which is currently quite weak. In my opinion, the statements of B. Bernanke, participants will find the factors to strengthen the dollar, which in turn, can change the mood in the commodities market - lead to lower commodity quotations. This negative impact on Russia's securities issuers.

Today, shares of domestic issuers are traded in different directions. If the paper Gazprom added less than one percent, the shares of Sberbank torn up, adding more than 5%. Paper Bank growth potential to a mark of 62.97 rubles. now traded in the middle between this level and the level of support (60 rubles).. The most likely is a reversal of shares to the level of support, so the closure of the speculative long positions seem most attractive. A similar situation - in shares VTB, but they are traded in a narrow range for the further movement: the support acts mark 5,82 cop. And resistance - 6,00 cop.

Papers of oil and gas sector will be under the pressure of the situation in the commodities market. Toward the close of auction will be announced data on stocks of petroleum and petroleum products the United States. Better industry traded shares of Rosneft, which retain the symbolic potential for growth, so long positions in the light of the risks involved should be closed. Also, in my opinion, do not be like the position on the shares of Gazprom, which came to the annual maximum.

Thus, most of Russia's stock is trading near major issuers levels of resistance and further development depends on the Fed's comments.

Umansky: Threats to the bankruptcy of the banking system of Ukraine does not
Exchange rate of dollars saved without changes - the evening review of cash markets
Forex - in the European session
Negative momentum at the end of the day Russia's indexes given falling oil prices
Reduction of the dollar may continue to the next level of resistance 1.494-1.5, where correction may be held to levels of 1.38-1.4
As a result of trading the MICEX currency market the U.S. dollar in the UTS with the calculations of tomorrow was 30.0187 rubles. per dollar
Even if the power over the majority of quotations zapoluchat bears, action Sberbank and Norilsk Nickel may go counter to the general market movement
NWT has invested more than 77 million rubles in the development of communication networks of the Nenets Autonomous Okrug
Technical Analysis for 23/09/2009