Futures on the RTS (RIU9): contango on futures (RIU9), which we have seen since the beginning of trading, to 13-00 Moscow time has become a bekvordatsiyu (-500); futures grows by 3% (Fig. 1).

Figure 1. RTS. Basis in the day.

The number of open positions compared with the opening of the morning was reduced by 2500, at 13-00 Moscow time, the value of this indicator amounted to 364 000 (Fig. 2).

Figure 2. RTS. Open positions within days.

In the medium term, the market remains in the descending trend. Volatility September Putov outside money remains above the volatility of the September call out of money. Thus, the current market we are seeing volatility smirk that signals the continuation of a downward trend (Fig. 3).

Fig 3. RTS. Exchange IV within days.

If we talk about the number of open positions, the maximum number observed in RI90000U9 (put max, Fig. 4) and RI120000I9 (call max, Fig. 4) strike, while the absolute values of these strikes do not allow the focus to these levels as at full form.

Figure 4. Levels optional support /resistance.

The most likely scenario: the breakdown level of 100 000 and the resumption of a downward movement in the area of 90 000.

Least likely scenario: rising to the level of 120 000.

Negative factor for the black gold appears a significant increase in prices over the last trading week
Substantive support to Russia's market will be felt still in the papers of the raw materials industry
Russia's policy in the CIS has not worked
Last Friday, the euro /dollar at the American session sharply increased and reached a mark 1.4373
Review of the FOREX market for 21.08.09
The richness of black and white
Profitable childhood

shortage of places in the capital kindergarten allows teachers to earn a resourceful parents ...

In the second echelon are allocated shares of KAMAZ and AvtoVAZ, coming today more than 15%
Currently there are no ordinary clear signal from the western areas, the movement of Russia's market will not