Investors gave the market and speculators are waiting for signals that will set the medium-term motion vector

The current session is once again confirmed the reluctance of the Russian market to grow. After shopping at the opening, primarily due to the closure of shorts, the market recorded profits, after which the bulk of trading session took place within a lateral trend. Bezydeynosti also contributed to the dynamics of futures for U.S. indices, which are also zalegli in lateral trend. Speculators expect to publish data on the construction of the U.S., as well as the production of inflation, which confirmed the worst fears of market participants.

Data for the production of inflation forecasts were significantly worse, producer prices collapsed to 0.9% against the expected decline to 0.3%. Thus, the newly identified weakness in demand, which will not only hinder the economic recovery, but also may lead to a serious deterioration of the situation.

indicators for the construction is also not pleased the market. It should be noted that the projections were positive, but it was not to be fulfilled: the number of newly fallen to 581 thousand homes against the expected growth of up to 599 thousand The indicator fell for the first time in the last quarter, affirming the weak U.S. economy.

Thus, we can say that the recovery rally was premature. The state of the world economy is not conducive to a rapid recovery. Data on construction can be a trigger for a significant downward movement. In addition to fundamental factors contributed to sales and technical factors, namely the overheated world of stock markets.

In my opinion, the transfer position for tomorrow is risky, since most likely bid for the U.S. market will be held in the red zone, and it is possible that futures on indexes United States may continue to decline, indicating a substantial correction. Also, attention is paid to the dynamics of other emerging markets: a significant reduction in these benchmarks would signal the withdrawal of funds by non-residents. In this case, the medium-term investors can also follow the general trends that will lead to serious Drawdown and temporary increase in volume. The danger for the Russian market also have the price of oil, since oil futures seriously proseli to statdannyh.

Technically today, the MICEX index traded in yesterday's range, but the potential for further reduction until the remains. The closest level of support can be a level of 1015 points, in the case of Perforation of which the index can go down to the last four-point 1000 points.

A new push for sales can be a worsening of mood in the U.S. market after the opening. U.S. market, despite a weak statdannye opened fairly neutral: pessimistic data нивелируются continuing technical rebound observed at the end of the session the previous day.

Today, interest is the dynamics of shares of VTB, but can not resist the decline after the announcement of statdannyh. Proceedings of the additional issue of a possible price in excess of the market, contributed to the growth of the securities. However, the takeoff is still speculative, since wanting to earn a doprazmeschenii VTB is not enough. Shares VTB traded in the middle of the lateral trend, consolidating near the intersection of 21 -, 100 - and 200-day moving averages. Level of support is 4.05 kopecks. And resistance levels - 4,44 cop.

Also interesting dynamics of the shares of Gazprom, which traded in negative zone while the prevalence of positive sentiment. Dynamics of shares of Gazprom is interesting as an important indicator of market mood. After publishing statdannyh shares fell again to the lower limit of the downstream channel, as well as psychologically significant level - 150 rub. Despite the attractiveness of this level to open the position to buy, proceed to action is not recommended, because the influence of weak statdannyh during the American session, may be worse.

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