Oil prices over the past 24 hours have increased by $ 0.75 to $ 66.85 per barrel of Brent class

Written by admin on July 22nd, 2009

Tuesday continued positive sentiment in the Russian market - but it should be noted that while the MICEX index closed only slightly above the mark of 1000 points, and the ambient background closer to the evening had not looked as positively as before.

First of all, statements of U.S. companies, published yesterday, has not brought pleasant surprises and also some disappointing market performance to the head of the U.S. Federal Reserve Ben Bernanke. He said that improvements in the economic situation, of course, is, however, unemployment will grow, and the final exit from a recession or restoration is too early to say.

As a result, growth in the market was moderate, with growth leaders again in securities of Sberbank of Russia, adding 3.11%, and Surgutneftegaz, went up by 4.34%. Worse than the market, by contrast, looked Norilsk Nickel (-1.39% on MICEX).

As regards the technical situation, it gives us hope for a correction. First of all, oil prices stopped growing and were unable to overcome the top line of $ 66-67 per barrel, which had previously acted as support. A similar picture and is almost on pair euro /dollar, with no holes up resistance to 1,42-1,43. Thus, if we see a rebound of these resistances down, will the preconditions for care under the MICEX index level of 1000 points, and if further development of correction, to reduce again to 850 points. But this is only assumption that can be refuted by the persistence of the buyers, observed in the past one and a half weeks.

Today

Leading global markets on Tuesday closed down growth: German DAX 1,27%, Britain's FTSE 0,85%, DJIA 0,77%. Asian markets this morning, rising 7 day in a row, with the Japanese Nikkei225 adds 0.74%. Futures on the S P500 reduced by -0.15%.

Pair EUR /USD is in the € /$ 1,4200, while USD /JPY - in $ /#165; 93.55. Gold is $ 948.64 per troy ounce, silver - $ 13.58 per troy ounce, Copper - $ 5,367, and nickel - $ 15,800 per metric ton.

Yield for UST-2, 0,94; for UST-10 3,50.

Oil Prices in the last 24 hours have increased by $ 0.75 to $ 66.85 a barrel varieties Brent.

So, today we are waiting for multidirectional changes of quotations of securities.

Today, at 14.00 GMT in the United States will be the price index for housing (House Price Index), at 14.00 GMT to begin this chapter the Fed Ben Bernanke about monetary policy before the U.S. Senate. And at 20.30 GMT - traditional data on stocks of fuel.

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Analyst Ratings


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In the risk today might be the paper of metallurgical companies and banks
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