Good day. At the end of Tuesday, domestic stock indices have changed slightly. RTS Index added 0.29%. MICEX index grew at 0.19%. Trading volume increased moderately, maintained at a level below the average in recent months.
Despite the symbolic growth indices, the results of second trading session of the week show in favor of sellers. Gepom opened up, the MICEX index found support on Tuesday morning in the vicinity of 920 points. Furthermore, buyers were able to raise the market to 950 points, where the bears intercepted the initiative were able to re-force in the area of the MICEX index of 920 points.
Opening bid today is likely to gepom down. 920 sample points presumably lead to the development of sales in the area 900, then 880 points on the MICEX index.
In the area of 880 items bulls would be a chanceto form a double bottom, which makes the game of speculative purchases in the area with the foot below the 870 or 850 points.
To resume growth buyers need to keep the 920 points, then go above 950 points on the MICEX index. At the opening of the trading environment this scenario is unlikely, but possible.
U.S. stock indices closed auction Tuesday assured decline. Worse than most to feel the oil and gas sector against the backdrop of continued pressure on commodity markets.
also support the U.S. bears had concerns about corporate accountability for the second quarter.
At the auction in Asia is dominated by the sale. Pressure on the quotes provided weak data on machinery orders in Japan. The rate fell by 3% in May compared with the previous month (consensus-forecast of 2%).
Futures on the SP 500 is currently trading above the key level of support at 880 points. Breakdown of the level of our expectations, will accelerate the decline, triggering stop-loss operation, technical sales.
rebound of 880 points could lead to a re-test of 900 points, or develop the range of 880-930 points. However, we preferred option with the output below 880 points.
Futures on the RTS index in the course of the evening trading session Breaks support at 87 000 points, reaching 86 500 points, which is in favor of further development of sales.
At the same time opening the bidding on the RTS index futures may face a technical rebound in the region 87 500-88 000 points.
Stop on speculative short positions can be higher than 89 500-90 000 points. Stop by strategic short positions recommend that you place above 93 000 points.
At 13.00 Moscow time the final data will be published on the EU GDP in the first quarter of this year.
At 14.00 Moscow time will the data on the dynamics of industrial production in Germany in May.
At 18.30 Moscow time - data on stocks of petroleum and petroleum products in the United States.
negative external background. America closed the decline, oil and gas sector is moderately worse than the market, the financial sector in the market. Asia traded mostly down.
Final recommendation:
Investor - out of the market;
speculators - playing sales.
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Analytical review of the Forex market for 7 July
Sergei Tigipko sell a significant portion of business in connection with the decision to run for president
Today the Russian market may test the level of local support - to mark 880 items on the MICEX index
Today is expected to open the Russian market with gepom down to 1-1,5%
The volume of trades in the market shares of the MICEX Stock Exchange on Tuesday amounted to 115.51 billion rubles
This morning, a significant decline will occur in all blue chips
Under most pressure today will be the action of banks and commodities
Latin America: investors in anticipation of ... Suddenly a four-month rally was not justified
United States: in anticipation of the start of season reporting