The market was able to finish the day above 1000 points mark on the MICEX index

The opening bid at the Russian sites have passed in the negative dynamics, then the market turned around and went up to the mark of 1000 points on the MICEX index. Short-term consolidation at this level was changed to a new wave of growth. Far not been able to leave the market, a wave of sales that took place against a background of reducing oil futures quotations and American indices, the market returned to the previous day's closing levels, but most of the closing of the MICEX index was able to recover higher level of 1000 points. Leaders of growth became the paper Surgutneftegaz and Gazpromnefti added 4,34% and 3,49% respectively. The company they were Sberbank (3.11%) and Rosneft (2.04%). On the negative territory closed Norilsk Nickel (-1.39%), Polyus Gold (-1%) and Rostelecom (-0.6%). At the end of the trading the MICEX index rose by 1.73%, ending the day at 1002.88 points.

positive external background, which is our platform in the early trading session ignored, eventually allowed the bulls to take the market into their own hands and lead the index to the 1000 points mark on the MICEX index, but he did not allow them to continue the upward movement. Correction in external sites has been held in anticipation of the speech of Ben Bernanke, that led to a decline in our market before closing. In the future, the market will try to gain a higher level of 1000 points, but perhaps the data on oil reserves in the United States to go tomorrow and the data on the labor market, falling on Thursday, may disappoint the players, leading to a decrease.

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During the morning selling futures on the RTS index (RTS-9.09, RIU9) experienced a decrease in area of 95 000 points, reflected by the resistance at 97 000 points.

According to futures on the RTS, we recommend the game sales in the calculation of the development of corrective decline to an increase in the last days. Suspected reduction goal - 93 000 90 000 87 000 85 000 83 000 points.

Futures on the euro-dollar (ED-9.09, EDU9) in its successful bid Breaks resistance in the area of 1.42. The nearest resistance is located in the vicinity of 1.43. If you continue shopping next goal of growth can make the area 1.45-1.46. Stop by the long positions can be placed below the 1.4-1.41.

Futures on the dollar-ruble (Si-9.09, SiU9) bounce up after the test of support at 31 300. In the current situation, we prefer the game of shopping for a adjustment of the range of 31 300-32 300. Stop in this case can be located below 31 300. Breakdown of support at 31 300 probably leads to sales with a view to the nearest 31 000.

Futures oil varieties Brent (BR-8.09, BRQ9) consolidated in the region of local maxima ($ 66-67). The following objectives of growth - $ 70, $ 72. Stop by the Long can be placed below $ 63-64. Stop by the short can be above $ 67.

Futures on gold (GOLD-9.09, GDU9) continued consolidation in the region of $ 950, which can be a game of sales per adjustment of the range of $ 900-960. Stop by the short in this case can be placed above $ 960.

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  As a result of trades 20.07.2009 MICEX index of power-added 3,2% and closed at around 1614 points. The volume of trades on Monday, compared with the level significantly increased.

Stock Quotes sector showed the largest companies before, mostly positive trend: the value of securities FGC UES increased by 1.4%, stock quotes, RusGidro climbed to 0.8%, the paper IDC Holding cheaper by 1% shares Mosenergo went up by 3.7%, paper, Inter RAO UES increased in price by 4.7%. Leaders ofgrowth in the segment generated by the action of WGC-3 and Enele WGC-5 , which quotes for the trading session jumped to 10.6% and 10.5% respectively, with an average increase in value of securities genkompany at 2.8%.

We believe that enhancing the quotations of the companies was not due to any specific corporate news, but rather reflects a general trend emerging in the area of generation. Currently, OGK-3 shares traded at a cost of $ 82 per 1 kW at a rate of EV /installed capacity, which is slightly below the average for the WGC-level, while paper Enele WGC-5 traded at $ 194 per 1 kW, which is 69% higher medium. In our opinion, the current growth potential for both stocks is limited, so we recommend investors take a moment and switch to shares of our favorites - TGK-1, Mosenergo and OGK-1.

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harvested Strada and mass market release of new crop grain traders a free hand: prices this season at 20% below last year, and it is possible that they will fall further. Pay less to farmers and allow new Standards, according to which the grain, even yesterday, the former food became fodder. Given that currency cheaper cereals almost at times, it can be assumed that the coming marketing season will be one of the most profitable for local traders for the entire recent history of Ukraine.

Despite a good qualitative and quantitative indicators, the current crop are not happy villagers. Procurement prices for grain in Ukraine has declined and to date do not exceed 900-950 UAH. /T of wheat and 890 grn. /Tonne of barley, which at least 20% lower than in the corresponding period last year.

Analyst Company UkrAgroConsult Elizabeth Malyshko not exclude that in the near future a price collapse continues - the cost of wheat will fall a further 50-70 grn. /t and barley - 20-30 uah. /t. She explains that the trend decline in activity in the world grain market: the price of barley in the last month proseli at $ 10-15 /t (up to $ 150 /t), and wheat - at $ 25-30 /t (up to $ 125-130 /t).

should not discount the personal interest and traders. Given that this year the majority of households are in very straitened financial situation and try to sell the grain as quickly as possible, wholesalers are able to dictate their terms to them.

The situation is exacerbated by the fact that in this season by 30-40% (up to 30-40 hrv. /t) went up service elevators, so lay the crop in storage in anticipation of more favorable pricing environment, can not all farmers , - said director of the AAA Sergey Nalivka. Already on the resale of grain traders have the opportunity to earn up to $ 50 /t.

Experts predict that with the fall of prices in world markets will grow at 10-15% per month, which will allow exporters time bought up crops, to get even more profit - up to $ 100 /t.
Earnings

villagers also reduced due to the introduction of new guests to the grain, which came into force on 1 July this year. If the class of products is determined depending on the percentage of protein in it, but today the main point of reference is called gluten, which, according to Mr. Click to continue »

Even yesterday afternoon, Bears have become crowd bulls on the domestic stock market. Today, the players on the downturn is a very good chance of more vividly express yourself.

In the early days to fix the profit and the opening of short positions, in addition to the local local perekuplennosti shares, speculators pushed red at the opening of futures trades in America, the negative trend in the markets of China and the decline of oil on world commodity markets.

However, taking into account the situation of strong levels of support for the Russian stock charts and indexes, and the fact that the ocean ADRs our companies feel quite confident we would not have been the morning to enter the new shorts, and just tried to be more profitable to buy shares previously sold.

Build short positions in the current situation does not want. Ovchinka may not be worth dressing, given yesterday evening Drawdown quotations from sessional maxima, present the potential collapse of popular stocks seen in the 0.5 - 1%. This potential can be realized at the opening of bids, and by the beginning of the European stock exchanges over the situation may turn in favor of the bulls.

Note that if today a negative percentage deviation quotes from yesterday's closing levels not exceed 1 - 2%, it will be possible to put another fat check for the validity of a puncture of the May bear trend.

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