"New gap" can be considered closed
Today, trading on the Russian sites have opened the fall of quotations on the background of the renewed decline in oil prices and negative dynamics of the Asian markets, where the main negative continues to go from the Central Bank of China. As a result, the market sank to a level of 1390 points, where there has been consolidation, but after British GDP data, which were worse than expected, reducing resumed. Worse market traded Rosneft and Surgutnef1000tegaz, losing 4,5% and 3,5% respectively. In plussis traded securities Uralsvyazinform (0.1%). By 14.30 the MICEX index lost 2.8%, dropping to a level of 1375.6 points.
External background continues to favor "bears", with the result that Russia"s market almost entirely closed the New Year "gap" and returned to the broad corridor between the levels of 1220 - 1390 on the MICEX index, which held the end of last year. The external sites ignore statements of U.S. companies, which continue to show results "better than expected", and focuses on actions the U.S. Administration and the Central Bank of China, which creates negative sentiment in the markets. If tomorrow"s Fed meeting and the preliminary estimate of U.S. GDP to spiral on Thursday, will not cause markets to turn, you can expect consolidation in the corridor of the MICEX Index 1220 - 1390 points. However, we expect that the end of the week, markets will be spent in trying to correctional growth that the MICEX Index will result in overcoming the level of 1390 points.
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The technical analysis of currency pairs 26.01.2010
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