In February we will see further decline in oil prices
Today, we look forward to opening the market with reduced area and test support for 1400 - 1410 points on the MICEX index. The market gave back up, but some investors still do not notice it while under hypnosis, high target levels at year end. Yesterday I wrote that in the event of a failure of statistics on stocks of petroleum products in the U.S. “oil prices will test support at $ 75.5 per barrel.” This scenario is realized, so we do not recommend buying shares of oil and gas sector: in the shares of “Gazprom” I look forward to reducing the level of support 176. In the coming months we will see further reduction in oil prices (at worst-case scenario, it will fall to the level of $ 65 per barrel). The fall below $ 60 a barrel means a financial upheavals in Russia, but such a scenario is practically excluded.
Yesterday, I established a model portfolio consisting of three parts: a fixed income (25%), sells futures on the RTS index (50%) and long positions in shares of the telecommunications sector (25%). I did not intend to includein the portfolio of bank stocks - was known in advance of the coming of the White House against the “fat cats bank. Such as Bank of America Corp .. Barack Obama proposes to impose limits on the liabilities of banks and banking practices to restrict trade in securities for its own account. Now clears bearish divergence on the chart “Savings Bank” and therefore likely scenario is that in the coming days, “Savings Bank” will test the uptrend passing at the level of 86,5. This will be the time trading decisions.
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National Bank began eliminating Ukrprombank …
Kommersant “: Do not preserved
The stock market of Russia on Thursday dropped the second consecutive day after the United States on the weak statistics
The stock market of Ukraine on Thursday continued correction in the external negative
Raw issuers in recent days traded good market, that does not exclude some rebound up in the papers on the eve of weekend
U “bears” have every chance to continue its downward movement and in the short term to achieve levels of “New Year”s gap”
MICEX index may soon go to the next level of support at 1,415 points
If the blue chips fail to support the local levels, will need to close thecd1″long” position
Influence on the course of today”s trading will provide ongoing reporting season
Russia market today will continue to decline towards the levels of the early years