Yesterday evening, under the bulls cautiously began returning to the Russian stock market. Today, they are unlikely to ignore the external positive and more vividly remind of you.

Nonetheless, our trade strategy, based on the strict laws of technical analysis, yet requires us to maintain short positions on the blue chips. But this tactic does not prevent us closer to the paper second tier for the short-term purchases.

not bad enough yesterday adjusted shares TMK. Although, judging by the large volume of trades, the paper does not exhaust the potential of falling. Catch them, we would have been in the vicinity of 75 - 78 rubles (a bottom-up trend line from March 2009).

highly suspicious at the time of general collapse of the market shares of common stock held Rostelecom. They spent the whole day on the positive territory. But those shares for a very patient speculators. Commercial Corridor on the schedule of securities has shrunk, and now its upper limit - 163,5 rubles, and the lower - 158 rubles.

The most interesting picture and the most attractive for purchase on the graph shares in Polyus Gold. It is perfectly obvious where to place stop-loss, and where the targets for the sale. In the last trading session of the issuer shares almost reached the line of support for medium-ascending channel of 13 July 2009 - 1200 rubles, and got a good impetus for the trip upstairs. We do not know whether to reach the current quotes Polyus Gold to the line resistance of that channel - 1400 rubles, but a line of short-term downward trend of 5 August 2009 - 1270 rubles, they certainly reach.

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Among the Russian stock indexes finished a moderate decline, otygryvaya fears of global investors about the prospects for slowing global economic recovery: the MICEX index (-0.1%), RTS (-0.8%).

looked somewhat better market shares of oil and gas sector, supported by a recovery in world energy markets: Gazprom (1,1%), Lukoil (-0.1%), Rosneft (-0,2%), Surgutneftegaz (3.2 %). Shares of banks have completed trades in the green zone: Sberbank (1.5%), VTB (0.5%). Worse than the market looked staleproizvoditeley paper, against the backdrop of fears easing of demand in China: Severstal (-1.1%), MMK (-1.5%), NLMK (-1.3%). Outsiders were RusGidro shares have lost another 11% after the resumption of bidding.

On Wednesday the American Stock Exchange opened in the negative range, but during the trading sentiments of investors changed, and the session ended by the 0.5% growth. Drivers for the market have become a good corporate data and the rise in oil prices. In Asia today, has also been a rise of quotations, among the leaders - the consumer and the oil and gas sectors. Publication of data on oil and petroleum products in the United States caused a sharp rise in oil prices - Brent futures rose to near $ 75. Against the backdrop of weakening U.S. currency, became the basic non-ferrous metals.

According to our estimates, the morning today, a positive background for the Russian stock market, and most preferably are the positions of oil companies and banks. At the gold mining company shares would be pressure on the structure of world demand in the second quarter, reflecting weakness jewelry industry and the cooling of investment demand.

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