Outsiders today's session were again ex-leaders - shares of oil and gas and banking sectors

Written by admin on October 21st, 2009

speculative interest shares of oil and gas sector

Russia market continues to trade sideways, given the current week, in anticipation of the signals for further movement, which can deal with the U.S. housing market. The latter has pleased investors, which probably hinders medium-term customers from aggressive profit-taking. Today's session is taking place in the downward correction, which also contributes to the lack of positive signals from external sites.

published during the trading day reports were positive, but were ignored by market participants. Reporting Morgan Stanley shares have responded in part the domestic banking sector, which supported the stock market in general. Before the end of the session will be determined by the dynamics of the situation on the American spaces: the case of a moderate decrease at the start of trading in the U.S. market Russia may slightly rebound from session lows, but the expectation of data on stocks of petroleum and petroleum products will deter members from active operations. These reserves will determine the outcome of the session: in the case of a sharp reduction recommend open positions on the shares of oil and gas industry, which today still hold the next support levels, which preserves the technical possibility rebound upwards.

Tomorrow's session will be full makrostatistikoy that will increase the level of volatility. Most attention is paid to data on the primary applications for unemployment benefits and the index of house prices. Start new session will determine the outcome of trading on the American market, the dynamics that affect publication of a report the U.S. Federal Reserve. The report, in turn, will increase the volatility in the currency market, which has retained the resistance to a pair of 1,5 EUR /USD.

Until the end of this week the indices continue to move in a sideways channel. Just before the weekend is likely puncture the borders of the channel, because the market signals received from the housing market. In this regard, while costs keep speculative strategy. In the case of negative signals at the finish of the week is to close mid-term position as the market adjusts downward. Otherwise, the market may go to new annual highs.

outsiders today's session were again ex-leaders - shares of oil and gas and banking sectors. The biggest decline among the papers of oil industry show Gazprom shares, which before were in demand. Technically, the shares today bounced off support - 10-day moving average, which is still an attractive level for the formation of speculative positions. In the case of publication of negative data on stocks of this level will be down and pierced to be USD 188 mark. Sector of the favorites, according to tradition, are the paper, are in demand by non-residents, - shares of Surgutneftegaz. In my opinion, they represent an interesting idea of both short and long term. Using a strategy to reduce the speculative position on the shares of the issuer recommend to the upper limit of the medium-term rising channel (30.1 USD .).

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