The week started on a negative wave, sales at the beginning of the day the same, and contributed to declining futures on the U.S. indices to start bidding. The situation has changed quite rapidly and the market in pereprodannost coupe with a positive signal to external sites have led to rebound immediately with the opening of bidding for European sites. The main navigator the Russian market by quotations of oil, which during the trading session, a high volatility. The sharp decline in oil has led to the devaluation of the ruble, which lost to the euro and the dollar around 3%, which negatively impact on the RTS index, which looks worse than a ruble indicator.

sharp rebound has also contributed to the closing of short positions on shares of Russian companies, particularly on shares of Russian oil and gas sector, which virtually all the trading session held better than the market. By the end of trading session will be determined by the dynamics of the situation on the commodity market, which most clearly otygryvayut shares of Gazprom, which provides a good opportunity for speculators earnings.

Technically MICEX index in today's trading session, moving in the short descending channel, formed in early June, the lower boundary of the support was made during today's trading session. One positive point is the closure of the morning gepa formed at the start of trading session. Resistance level was made, lying on the center channel in the region of 890 points. By the end of trading week, the MICEX index, in my opinion, will continue to consolidate in the formed channel, the upper limit of which in the case of positive signals will make a strong resistance. Today's rebound was technical in nature, therefore, to form medium-term position in the purchase is not worth it.

trading session tomorrow is going to be volatile, which again will increase the level of speculative activity. The key event of the day will be the publication of reports on the results of Goldman Sachs II quarter because projected net profit of the bank amount to $ 2.2 billion, or $ 3.57 per share. In the case of positive data is open for the purchase of speculative positions, with negative results can safely open the shorts. Macroeconomic background to enhance the level of volatility. In the first half of the session is to devote attention to data on industrial production of the euro. Second half session is saturated at the statistics from States, in particular, data on retail sales, inflation in manufacturing, as well as business inventories.

favorites of today's session are the shares of Russian oil and gas sector, in particular shares Lukoil, which can be easily stayed upper limit of the downstream channel, the following objective in the region of 1400 rubles. Demand for the shares of the company is seen by non-residents alike ADRs for shares of the company added more than 4%, which, in my opinion, relates to the common shares pereprodannostyu that of the maximum annual levels adjusted by more than 27%. Shares of Gazprom last trading session traded worse neftyanki in general, due to lack of interest by non-residents, as in London, the demand for shares of the company is significantly lower than for shares of similar companies. Medium-term investors should buy shares podeshevevshie only with the arrival of major investors, that will mark the growth of ADRs in the shares of the company.

In Ukraine in January-May exports of goods decreased by 44.1% - up to 14 billion 362.9 million U.S. dollars, imports - by 52% - up to 16 million to $ 572.6 million
Weak link
Forex on the European session
Due to the extremely high current flow of a news week on the Russian market will be quite volatile
The last hour of the Russian bid was under pressure from retailers
As of 18:00 Moscow time the volume of trades on the MICEX Stock Exchange amounted to 129.45 billion rubles
Rosnedra extended Uralkali duration of the construction project of mine at the Ust-Yayvinskom station until 2011
The results of the largest American companies will be the main idea of the stock sites
Boyko: Speculations on the Ukrainian market of petroleum products reached a peak