Today we have a chance to witness the birth of a new bovine trend, or to see how to draw a new reference point bear trend, which dominates in the Russian stock market sites from the end of May 2009. Dealer to find out whether quotes blue chips and popular papers to confirm yesterday's breakdown of short-term descending trend.

In fact, the forthcoming session of the trade can provide answers to many questions. Can the MICEX index 1000 points to defend the mark? Be able to whether shares of Gazprom hold over 165 rubles a mark, and thus get a chance to increase at least in the area of 170 rubles? Are stocks riseLukoil with the attraction of 1420/1415 rubles. Will the paper Sberbank the strength to no longer fall for the strategic level of 38 rubles?

Despite the technical prerequisites for continuing growth in the Russian market, we believe that the local bulls are weak and fail to retain the market long. Intuitively, we assume that yesterday's breakdown was a false signal levels. Therefore did not hurry to open long positions.

However, even with that, the players to increase the win, the speculators will have more than one opportunity to join the movement. Although the holes would retest the levels of resistance quotes must implement. As the trends that are Pokus shares have been top-down, in case retesta we will see prices below yesterday's peak at least 1,5-2%.

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On Wednesday Russian stock indices showed divergent trends. Positive mood support the growth of oil prices and the increase in world stock market indicators: (-0.92%), MICEX (4,21%).

Shares of oil companies enjoyed high demand against the backdrop of rising prices for black gold: Gazprom (6.5%), Rosneft (3.1%), LUKOIL (3.3%). Papers of domestic banks in price in the market trends: Sberbank (3.6%), VTB (7.3%). In a few shares of steel companies suddenly look better market paper IMC, went up by 7.1%, NLMK and Severstal shares added 0.6%.

On Wednesday U.S. stock indices closed in the positive range, but growth in the average did not exceed 0.5%. Support for the market have statistical data, in particular, proved a better expectation index of business activity and data on the housing market. In Asian markets today, there has been a mixed trend, high-demand stock gold companies. Oil prices, after the publication of data on stocks of fuel in the United States have declined, at this moment barrel mark Brent worth $ 68.5.

According to our estimates, this morning unfavorable background for the Russian stock market. The negative dynamics of futures on U.S. stock indices and podeshevevshaya oil will put pressure on the market. Sales at the opening may be subjected to the action of oil and gas sector. Paper gold-mining companies, such as Polyus Gold and Polymetal, may look better than the market due to rising prices for gold. Today is expected to publish a large number of macroeconomic data, which may affect the dynamics of bidding. In particular, the 15.45 we will know the decision of the ECB on the base interest rate, the market expects that it will be maintained at the same level. Also today, will be published data on unemployment in the euro area and the unit of the U.S. labor market.

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