threat of correction

the eve of the Russian stock market continued its rally, which resulted in the indices closed in the black. Correction in the prices of black gold is closer to the finish line trading session provoked a record profit in shares of oil and gas sector, resulting in a majority of the securities retreated from the daytime highs. After our closing situation in foreign markets has not changed, but the achievement of the symbol SP 500 annual maxima and almost calculates the percentage growth in poluprotsentny gap up at the start of bidding, which can be partly caused by the closure and short positions that were open the day before.

Further evolution will depend on the U.S. futures indices, which are traded in the symbolic red, as well as changes in oil prices, which are on yesterday's closing levels of domestic sites. An important macroeconomic statistics in today's session is not expected, so the market can be traded in the outset, before tomorrow's session, which will be issued several statements of major financial institutions, as well as statistics on the U.S. housing market. Recommends that the speculative strategy in the event of negative signals from the primary market is open shorts on shares of oil and gas sector, most of which are located in the zone perekuplennosti.

At the end of Monday the major U.S. indices closed in the black. The main growth contributed to the positive quarterly reports of American companies and the investor confidence that was able to avoid another bankruptcy, in particular from the company CIT Group, the Board of Directors which has reached an agreement with the largest holders of bonds that are willing to provide bridge financing for the $ 3 billion contributed to the growth and optimistic macroeconomic indicators: the index of leading U.S. economic indicators rose in June of 2009 by 0,7% compared to the previous month, while the expected growth of 0.5%.

indexes for emerging markets do not exhibit a single dynamic. If you look at the indices of those countries whose economies are also applicable to the commodity, it is worth noting better dynamics compared with other markets. Thus, Brazilian and Mexican indexes closed down more than 2% by the black. It is possible that funds investing in emerging markets, the spot commodity assets invested in emerging markets against the backdrop of rising prices for raw materials and pereprodannosti shares, in particular, domestic oil securities for the month of June.

Technically, the MICEX index during the current session, with positive signals could once again test the level of 1000 points, where the likely next wave of sales. Technical correction of vision to the level of 21-day moving average, the area of 940 settlements, where the form of speculative positions in the purchase.

In the evening session on FORTS most of the contracts on stocks neftyanki added little to the value otygryvaya positive in the U.S. market. The leaders were the contracts on stocks Lukoil (0.87%) and shares of Gazprom (0.5%). ADRs for shares of the latter one of the favorites of auction, indicating a demand by non-residents. It should be noted that the volume of shares of Gazprom on the eve of the MICEX were also high.

At the opening of the session may continue to demand action steel companies. Futures on MMC Norilsk Nickel has shown little interest in the growth of the evening session, and ADRs for shares of the company continued to be in demand. Technically, the day before the paper came back to the mid-term upward channel is formed at the beginning of the year. Strong resistance lies in the region of 3200 rubles., Where the cut position.

The National Bank has introduced a temporary administration in the bank Capital
Forex - results of day
The forecasts of analysts: the neutral after the opening of «bear» try to force in the area of the MICEX index 980-970 points
The bulls today may be tempted to record profits after a week of stop growth
Most preferred shares today continue to look like the Steel and NorNikelya
Oil has taken a pause in its upward movement, which will bear on the Russian securities market quotes
The dynamics of Asian trades before the opening of the Russian stock exchanges said in favor of a fixed profit
The opening bid on the Russian market is expected to gepom up 1-2%
Today on the Russian stock market is expected to bid high volatility