bear

Under the influence of negative external background for the bid on Tuesday, July 8, have been actively selling. During the day, showed a serious gap down August futures for Brent crude oil mark on the New York Mercantile Exchange, which reinforces the fall. RTS Index closed 900 points lower at around 893.78 (-3.28%), RTSI_Derex index fell 3.98% to 871.62 points, MICEX index at the end of trading session up 904.58 points (-2.42% ).

On FORTS the movement in the day session down was weaker compared with the spot market, as well as the negative is still time to play in the evening session on Tuesday. Against the backdrop of the active drop in oil prices experienced a significant turnover in the short-dollar futures, grew up on the day at 0.99%. At the evening session, they continued to increase, and the cost for the closure has 32550 rub. /lot. In the fading evening session continued, the major futures quotes stocks fell at an average rate of interest on the futures index fell below the 85,000 mark in p.punkta to a level of 84,540 p.punkta. The July futures on oil brand Brent played rapidly falling prices of oil futures in the West, and at the close of the evening session had already cost $ 60.55 /barrel. Futures on. Sberbank shares with delivery in September at the closing cost below 3600 rub. /lot. In the afternoon session IV showed a significant increase in the September futures options on the shares of Gazprom. In the evening session of the volatility decreased, however, compared to the previous day at the closing values of IV were higher than the national average страйкам at 5-6%. Against the backdrop of falling spot quotations and low volatility of the position of options put on SBRF-9.09 at 32 страйке utyazhelilas at 100000 contracts.

U.S. indexes closed raznonapravleno, the August futures price for oil brand Brent younger. Is expected to open up gepom index at 0,7-1% up.

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External background again for the Bears

In Friday trading on the Russian sites have opened in positive territory. Bulls have attempted to correct the previous decline, but they met with a wave of sales, which led the market in negative territory. In mid-day decline in the MICEX Index reached 2%. Closer to the evening market was able to play most of the decline, but to go in the green zone in the index failed. Liquid Paper raznonapravleno closed. Better the market was the banking sector, Sberbank grew by 1.9%, VTB gained 1.7%. The company he was Polyus Gold (1%) and Rosneft (1.25%). At the end of the trading the MICEX index fell by 0.31%, ending the day at 974.07.

In the absence of trades on the American market, our platform of market-oriented energy supply. Quotations futures oil brand Brent, during our session, showed lateral movement above the 66 dollars a barrel. Following the closure of the continued decline in quotations. As a result, today's morning session, futures reached a level of 64.6 $ /barrel, which emerged after the restoration. As a result of 10.00 futures traded at 65.2 U.S..

At the morning session, futures on S P500 index dropped below 900 points and traded at 10 o'clock in the level of 890 points.

Today, we look forward to moderately negative opening. Outside again in the background of the Bears, from which the market after the rally that began in February, otvyk. Regarding the upcoming weeks, we expect that the decline will continue and the MICEX index may test the level of 935 points. The reason for the positive momentum has nevidno. Continued reduction in oil quotes and foreign markets will not allow bulls to raise the market. Possible rebound will be linked primarily to the closing of short positions.

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