Speculative recommendation on shares of MMC Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB

Written by admin on February 24th, 2010

Norilsk Nickel
Surrounding levels of support: 4550.00 /4360.00 /4300.00
Surrounding resistance levels: 4700.00 /4800.00 /4850.00

On the eve of MMC Norilsk Nickel has continued to decline under the influence of negative dynamics of futures for industrial metals on the background next to strengthen the U.S. dollar. At the end of the day shares were down 2,76%, to close at 4,589.96 rubles.

External signals are for shares of metallurgical sector is moderately negative. Reduction of EUR /USD pair and proximity to the technical level of support can lead to a technical rebound and support quotes metals. The immediate support for the shares of Norilsk Nickel, is the level of 21-day moving average, at a penetration which will be down to1000the lower limit of the price band. The nearest resistance is at the top of the price band.

GAZPROM
nearest support levels: 180.00 /178.80 /175.00
Surrounding resistance levels: 181.80 /185.40 /186.30

Gazprom shares traded on the eve of a better market and closed within the price channel at 181.29 rubles., losing 0.85%.

External signals for shares of oil and gas sector are moderately negative. Futures on the brand BBrent traded at levels at which the session ended before the domestic market - above $ 73 a barrel. Waiting for data on stocks of "black gold" will increase the volatility in commodity platforms. The immediate support for the shares of "Gazprom" is the lower limit of the price channel, at a penetration which may be down to the level of 200-day moving average. The nearest resistance is at a 50% correction of Fibonacci, at a penetration which will be up to 21-day moving average.

LUKOIL
Surrounding levels of support: 1615.00 /1600.00 /1580.00
Surrounding resistance levels: 1700.00 /1720.00 /1740.00

Shares of Lukoil on the eve of approaching strong support level - the 200-day moving average, which reversal has occurred, but up to the day the paper closed down worse than the market, losing 2.60% and finished the day at 1,631.37 rubles.

External signals to market oil and gas industry are moderately negative. Oil continues to trade in the downlink. Opening trades in shares of "LUKOIL" will be below the level of completion of the last session. The closest support level is the 200-day moving average, which I recommend to build speculative positions on the purchase. The nearest resistance is the 21-day moving average.

SBERBANK
nearest support levels: 85.15 /83.80 /81.90
Surrounding resistance levels: 88.50 /88.90 /90.00

Against the backdrop of negative news from the U.S. on the eve of Sberbank shares traded good market, up to the day lost 2,53% and closed at around 85.84 USD.

External signals before the opening of tenders are negative for shares of the banking sector. Papers of financial institutions before the U.S. re-entered the session, the number of outsiders on the background of continuing concerns about innovations for the regulation of financial markets. The immediate support for the shares of Sberbank is the level of 21-day moving average. Resistance is the level of 10-day moving average.

VTB
Surrounding levels of support: 7,00 /6,80 /6,50
Surrounding resistance levels: 7,20 /7,37 /7,43

VTB shares during yesterday"s session were traded at the market and ended the day at 7.10 kopeks., losing 1.52%.

External signals contribute to a negative start trading on shares of the bank. Next strong support for the market lies in the VTB 7,00 cop. With a penetration of this level will be down to the lower boundary of the medium-term rising channel (6,8 cop.). The closest resistance for stocks is in the 21-day moving average.

d38

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