The Russian stock market opened the session in the red, which is mainly contributed to the decline of futures on U.S. indices, the negative trend in the Asian sites, in particular, reducing the Chinese index, as well as the proximity of strong technical resistance and lack of reasons for them before the start of Perforation bidding. During the day, serious reasons for shopping at the market have been reported, and published macroeconomic statistics, on the contrary, contributed to sales, but domestic investors have ignored the data and maintain the upward trend.

Data on the number of jobs in the private sector of the U.S. in July were worse than forecasts, which resulted in partial correction. Close to close the trading session, market volatility will increase because of the macroeconomic statistics, which will be published at 18:00 Moscow time. Given the speculative nature of growth, I recommend to go to the cache before the publication of statistics. Decisions on the opening position for tomorrow is to take following the publication of data on oil and oil products in the United States (18:30 Moscow time). In the case of negative data, you can open the short for the purpose for tomorrow morning, as might occur a sharp turn downward in oil prices of the maximum annual level, the more that the volatility in the foreign exchange market increases the probability of rollback cost of raw materials.

session tomorrow will not concede the last two trading days on volatility, and the proximity of the key statistics week may deter market participants from purchasing. In the first half of session, attention is paid to data on factory orders in Germany. The middle of the day will increase the volatility in the foreign exchange market, as expected the Bank of England and ECB decisions on interest rates. Especially interesting are the comments Jean-K.Trishe that traditionally affect the currency market, where the pair EUR /USD traded with a strong resistance in the region of 1.45, which can happen a technical turn down. This will lead to the correction in prices for raw materials.

finish trading session, according to tradition on Thursday, will determine the data on the number of applications for unemployment benefits. Tomorrow, again the best strategy remains speculative. Medium-term investors late open positions at this overheated market - is to wait for correction.

Medium weighty reasons for the continuation of the rally there. If you look at this growth, it said volumes about his speculative; rebound, to a large extent, takes place at a neutral external background and due to the closure of shorts. Emerging macro-economic statistics indicate a persistent problem in all regions. Thus, the volume of retail sales of euro fell to expectations of growth. The labor market in the U.S. still does not make a sign of stabilization, that is a negative signal, so the Friday report on unemployment could lead to a correction. In early July, it is pessimistic data on unemployment as the reason for selling, and taking into account the current market perekuplennost, repetition of the scenario is likely in July.

Technically, the picture also reminds July, when the MICEX index stood at the bottom boundary of the medium-term ascending channel with an attempt to return to him, after which occurred a technical turn down. During today's session, the index tried to go back to the corridor, followed by an adjustment of the maxima and consolidated at the border, indicating that the volatility of rising momentum.

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