Speculative recommendation on shares of Gazprom, Polyus Gold, Sberbank, LUKoil and VTB

Written by admin on October 14th, 2009

POLE GOLD

Surrounding levels of support: 1502.9 /1500.0 /1485.0

Surrounding resistance levels: 1530.0 /1550.0

As a result of yesterday's session, shares of Polyus Gold added to the cost of 0,67%. After the closure of Russia's market for gold futures have risen in price significantly, owing to the weakening U.S. dollar. Thus, the opening on the shares going to be positive. Resistance level, which I recommend to record long positions, is a maximum, namely mark 1530 rub. Level of support is psychologically significant mark of 1,500 rubles. That looks attractive for opening long positions.

GAZPROM

Surrounding levels of support: 190.0 /188.3 /186.4 /185.0

Surrounding resistance levels: 192.0 /193.2 /195.0

Gazprom shares on the basis of past trading session lost in the cost of 1,26%. Opening of securities held with a gap up on rising U.S. index futures and futures on oil. Resistance level will be the mark of USD 195. Near which I recommend to close long positions. Level of support can be a psychologically significant level of 190 rubles., Which is open long positions.

LUKOIL

Surrounding levels of support: 1861.6 /1800.0

Surrounding resistance levels: 1886.0 /1900.0 /1918.7 /1970.0

Following the last session, shares of LUKoil lost in the value of 3,58%. Shares of Lukoil in the course of yesterday's session proved to be resold, and looked considerably worse than the market, which contributes to the technical rebound in the papers. Also contributes to the growth of the external background as a positive trend observed in the U.S. and futures prices for oil. The immediate goal is the 21-day moving average 1,918.67 rubles. Near this mark would recommend to reduce positions. However, this level of resistance can not stand on a positive external background. Level of support will be the minimum of the trading session yesterday, this level looks good for opening long positions.

SBERBANK

Surrounding levels of support: 67.5 /65.8 /65.0

Surrounding resistance levels: 70.0 /71.5

Sberbank shares closed in the red, which amounted to 3,60%. On the positive external background shares open with a gap up. Within-day dynamics of the market will affect the expectation of disclosure reporting JP Morgan, which will be published before the opening of trading in the U.S.. Close long positions is close to the annual maximum (71.45 rub.). With this purpose it is recommended to open long positions.

VTB

Surrounding levels of support: 6.76 /6.72 /6.58 /6.50

Surrounding resistance levels: 7,00 /7,06 /7,28

VTB shares on the session closed in the red, which amounted to 4,98%. Closer to the closure of the bank's shares came down from the short-term upward channel. However, already in session at Chale shares may it return to a positive external background. Equity Bank technically look good for shopping. Also increasing the attractiveness of market expectation of reporting JP Morgan, which is able to disperse the paper. Close long positions suggest a mark of 7.28 kopecks.

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