The reluctance to sell helps consolidate at current levels

Trading on the Russian market yesterday were vysokovolatilno. Positive sentiment caused by the meeting of the Fed and the positive data on euro area GDP, were reverse statdannymi on the U.S. economy. Futures on the S P500 index pessimistic data tested at 1000 points mark, which has spread. At the end of the session on the Russian market at this factor also has been a wave of purchases on the day of the MICEX index potyazhelel at 1.3%, to close above 1100 points. Holding such an important point will support the market today, during the session.

The opening of the Russian market is expected to neutral, because the dynamics of the set targets mutually нивелируется. Closing of the American market place in the black around 0.5%, futures on indexes are adjusted after the United States a little positive momentum: Futures on the S P500 index was developed to the level of 1015 points, a powerful resistance. In commodity markets following the closure of the Russian market has been upward correction, in which futures for Brent crude oil brands tested $ 74.4 per barrel. However, the observed strengthening of the U.S. dollar had a negative impact on commodity markets, futures before the opening of bidding for oil brand Brent traded below the levels at which shut down the domestic market.

Factors contributing to growth at the opening, нивелируются the finish of yesterday's session: the dynamics of the U.S. market has been laid in the quotations of Russian issuers. MICEX Index cannon of the day from a minimum of about 2%, while futures on the index S P500 adjusted upwards to 1.4%. The growth of futures leaves only symbolic potential for upward movement of domestic ruble indicator. Also at the opening, once again affect the dynamics of the Chinese market, which again is an indicator of outsiders among the indicators for the stock markets of Asia: Chinese index losing nearly 2.4% on the prevailing mood of correction.

Technically yesterday MICEX index continued consolidation in the standard corridor. Support is 61.8%-th Fibonacci correction for passing the level of 1084 points and resistance - 1120 points. This corridor is quite wide, which contributes so long at these levels of consolidation. Exit the corridor can help the publication statdannyh on the U.S. economy. Today will be publicized data on consumer inflation and industrial production of the United States. However, remembering the reaction of market participants in the vast United States the day before the statistics, namely the retention of this corridor is likely, the level of support is also now stand.

corrective mood, zavladevshie the Chinese market could spill over in other stock markets worldwide. So, buy at these levels in the medium term risks. Speculative strategy is still the most attractive. Open position is only for specific ideas, in particular - as a result of statistics.

Dynamics of ADR on shares of Russian companies can help increase the opening of a number of papers. In particular, ADR on shares of Gazprom gaining more than 5%, thus testing the level of resistance - 168 rub. Also, the leaders of the growth dynamics of ADR can take action Severstal, ADR which added more than 6%.

It is unlikely that the Russian market today have the strength to determine the direction of motion
It is unlikely that the results of the short trading session is taken seriously
On the stock market is a lot of cheap money, they warm themselves, and raise share prices, commodity prices
The Russian stock market on Friday will mark time, waiting for the opening of the European sites
The Russian market has made an application for continued growth, or more precisely, on the continued consolidation in the extended range
The Russian stock market opening could resume climbing, with the support of the American futures
Markets continue to consolidate on an upward trend to continue upward movement needs new drivers
Review of the FOREX market for 13.08.09
Cabinet has decided to streamline the fermentation