Against the background of neutral oil prices better than the market today may look like the paper of the banking sector

Written by admin on October 13th, 2009

In connection with the celebration of Columbus Day on American sites significant activity has been observed. Trading volume on the NYSE totaled approximately 695 million shares, or approximately 22% lower than the values in recent months. Indices closed in positive region: Dow Jones rose by 15.57 points, reaching a value of 9880.51 point, and the index generalist SP 500 rose 4.29 points, closing at 1075.78 points mark.

oil market day went sideways with a slight slope downward. At the moment futures for light crude oil WTI traded at around 73.44 dollars /barrel, which is 0.4% below the previous values. In general, the downward trend that has emerged in recent months, been broken and likely start a new cycle of growth to about 78-80 dollars /barrel.

background, formed before the opening of the Russian stock exchanges, can be described as neutral. In view of the fact that the western areas of the market looked stronger banking sector, against the background of neutral oil prices on Russia's market will be a similar picture. But the price of oil may be replaced at any moment, and then again become more attractive shares of oil and gas sector. Bad the last few days look MMC Norilsk Nickel, it also can not be discounted.

If we talk about the leaders of growth over the last few days, the demand continues to shares of Rosneft, which to their historical values of the remaining 14.5%! Strictly speaking, the index of the most liquid stocks - MICEX 10 to its historical maximum values remained slightly less than 19%. And at a pace that the market is the last two weeks, until these levels remained not for long.

Technically, the picture on the MICEX index 10 looks optimistic. The level that we could not take place in June and September 2009 (red line on the graph), we cheer struck last week and rushed to the upper boundary of the upward channel, formed early this year (the green lines on the graph). To reach these peaks, most likely, without a break does not work, but it is only our assumptions, and now is the best position is to stand in a trend that is now rising.

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Analyst Ratings


Forecasts of analysts: Russia's stock market threatens profit-taking in anticipation of overlooking the end of the week in the U.S. an important macroeconomic statistics
Growth stocks WGC for news about running in next year's market power can bring in these papers, speculatively minded players
The euro /dollar managed to recover at levels close to 1.48, with support from the corporate securities market and the commodity segment
In the medium term, the stock markets continue to rise, but now take a breather
If our platform will support an external background, we can expect the market continued upward movement
Russia market far outstrips the rate of growth of developing neighbors and looks sprinting against the backdrop of world markets
Stock markets inflated bubble that will burst soon enough
Shares of Russia's oil and gas sector at the start of the trading session may be adjusted after the rapid growth before
Today is expected to attempt correction, the RTS index will open with a gap down to 0,2-0,5%

 

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