Statistics on the labor market will determine the direction of the market

The situation on external sites looks still in favor of the bears, it is very likely the opening of our market in the red zone. In favor of the bears to play and very likely weakening of the ruble. The worst of the market will be the financial and oil and gas sector. However, the growth of U.S. futures and oil prices, speaks in favor of bulls. Moody "s threatened to deprive the U.S. of maximum rating.

If today"s statistics on the labor market will be for the benefit of the oxen, the rebound may be strong enough. Today, at 16.30 Moscow time out employment in the manufacturing sector except agriculture (Nonfarm Payrolls) for January, is expected to increase in the 5 th, the unemployment rate (Unemployment Rate) for January, expectations - 10.1%. The proceeds from the IPO funds UC Rusal sent on payment of creditors, the debt of the company fell to $ 12.9 billion, Gazprom"s AGM will be held on 25 June, closing on May 7. Enlarged Rostelecom plans to be listed on overseas sites in April 2011, stocks will be traded on the LSE, and possibly, NYSE and the Hong Kong Stock Exchange, planned to place more than 25%. Management evaluates the combined Svyazinvest Rostelecom at least $ 11.2 billion

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Sprawling problem with a public debt of Spain and Portugal "dropped" yesterday the world markets. Negative intensified after negative data on the labor market in the U.S., for which the number of first requests for unemployment benefit once again exceeded expectations.

indices DJ, SP dropped yesterday by almost 3%, European indicators lost about 2.5%, the decrease continued after the closure of the Russian market.

The MICEX index fell by 2,46%, RTS index - on 1,18%.

On the commodity markets, oil prices fell by 1% after the closure of the Russian market, while the maximum was yesterday morning at around $ 75.6.

Gold collapsed to 4% from highs of the day, but at a price of futures trading remains on yesterday"s closing level of the Russian market.

During yesterday fixed demand for U.S. Treasury bonds - yield declined sharply.

On Friday, the external background - a negative one.

On the background of the dynamics on the world markets futures on the RTS index fell by 2%. Russian ADRs also shut down from 2,5 to 7,5%.

now waiting for data on unemployment and thfa4e number of jobs in the U.S. - a monthly report on the labor market. If the data come out better than expected, it may contribute a partial recovery of the U.S. stock indices.

Dynamics during the day on the Russian market is expected negative on the entire range of shares on the background of speculative sales.

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As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 202.75 billion rubles. or 6.79 billion dollars, the MICEX Index, compared with the value at closing of the previous trading day down by 32.79 subsection (2.291%) to 1398.29 n.

MICEX Oil Gas Index - fell to 42.95 paragraph (1.868%) to 2256.88 forth, MICEX Power Index - fell to 61.96 paragraph (2.312%) to 2617.64 forth, MICEX Telecommunication Index - fell to 66.23 n. (1.177%) to 5558.46 forth, MICEX Metals and Mining Index - fell to 54.31 paragraph (2.103%) to 2528.28 forth, MICEX Manufacturing Index - rose to 0.01 § (0.01%) to § 96.51, MICEX Financials Index - decreased by 78.65 n. (1.658%) to 4664.55 forth, MICEX Consumer Goods and Services Index - fell to 69.14 n. (1.824%) to 3721.7 Clause, MICEX Chemicals Index - fell to 78.65 paragraph (1.658%) to § 4664.55

MICEX Large Cap Index - fell to 53.18 paragraph (2.286%) to 2272.91 forth, MICEX Mid Cap Index - fell to 55.08 paragraph (2.704%) to 1982.22 forth, MICEX Start Cap Index - fell by 111.27 n. (2.757%) to 3923.97 n.

top gainers were:

Strategist AB (39.98%)

ErmakInv (39.02%)

FAO project (31.68%)

BuryatES (10.56%)

SverdES Pref (8.87%).

leader of falling were:

PeterbSK (-12.49%)

ObSibF AB (-11.01%)

AviastK-4D (-7.01%),

KorSsis Pref (-6.97%)

Tattel. AB (-5.88%).

index of corporate bonds MICEX CBI CP compared with the value at closing of the previous trading day down by 104.47 subsection (2.524%) to 4034.71 n. As of 18:00 Moscow time with the corporate bond market concluded 994 deals worth 15.03 billion USD . Yields on bonds CFR 10obl with maturity in March 2014 was 8.94% (0.09 percentage points) on the bonds RZD-15 region, with maturity in June 2016 - 2.71% (0.84 percentage points) Petrokomb5 on bonds with maturity in December 2014 - 11.74% (0.1 percentage points) on the bonds Reviving the 01 with a due date in March 2010 - 8.41% (-0.57 percentage points) on the bonds RosselhB 7 with maturity in June 2018 - 6.75% (-0.28 percentage points).

index of municipal bonds MICEX MBI CP compared with the value at closing of the previous trading day down by 69.14 subsection (1.824%) to 3721.7 n. As of 18:00 Moscow time with the regional bond market concluded 227 deals amounting to USD 3972.96 million . Yields on bonds MGor61-on with maturity in June 2013 was 8.1% (0.02 percentage points), the bonds MGor56-on with maturity in September 2016 - 8.59% (-0.02 percentage points), on bonds MGor62-on with maturity in June 2014 - 8.14% (-0.07 percentage points) on the bonds TverObl 09 with a due date in June 2014 - 12.33% (0.34 percentage points) on the bonds Khanty-Yugry7 with the maturity in December 2012 - 9.11% (-0.12 percentage points).

value RGBI price index was 131.07. Compared to the previous day"s close it down by 0.28 paragraph (0.213%). Trading volume on the market of government securities amounted to 69.07 billion rubles. Yields on bonds RU000A0JQMK5 with maturity in June 2010 was 5.37% (-0.03 percentage points) on the bonds SU25067RMFS8 with maturity in October 2012 - 7% (0 items), on bonds with SU251000069RMFS4 maturing in September 2012 - 7.08% (0.07 percentage points) on the bonds SU26200RMFS4 with maturity in July 2013 - 7.23% (0.02 percentage points) on the bonds SU26202RMFS0 with maturity in December, 2014 . - 7.59% (-0.02 percentage points).

As a result of trading the MICEX currency market the U.S. dollar in the UTS with the calculations of "tomorrow" was 30.0776 rubles. per dollar, which is 19.15 kopecks. (0.6408%) than the rate of the previous trading day. The euro in the UTS with the calculations of "tomorrow" has decreased by 15.96 kopecks. to 41.6651 rubles. Total foreign exchange market concluded deals worth 11.28 billion dollars, which is 0.95% more than the previous trading day.

Trading volume on the MICEX derivatives market amounted to 1.99203 billion rubles. Futures on USD: trading volume - 31.24 million rubles., Quoting the nearest futures - 30.23 rub. (0.2264 rub.), The volume of open positions - Rear 1.43 million. Futures EURO: trading volume - 0,08 mln., Quoting the nearest futures - 41.8293 rub. (0 rub.), The volume of open positions - 14,5 thousand counter. MICEX Index futures: trading volume - 1.66018 billion rubles., Quoting the nearest futures - 140,450 rubles. (-3500 Rub.), The volume of open positions - 3483 counter. Futures on Gazprom: the volume of trades - 95.27 million rubles., Quoting the nearest futures - 18780 rub. (-629 Rub.), The volume of open positions - 1867 counter. Futures Savings: trading volume - 98.01 million rubles., Quoting the nearest futures - 8577 rub. (-279 Rub.), The volume of open positions - 2760 counter. Norilsk Nickel futures: trading volume - 100.28 million rubles., Quoting the nearest futures - 46,210 rubles. (-1309 Rub.), The volume of open positions - 593 Rear. Lukoil futures: trading volume - 6.97 million rubles., Quoting the nearest futures - 16644 rub. (-376 Rub.), The volume of open positions - 1823 counter. Futures MosPrime 3M: volume of open positions - 20 counter.

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review the oil market for 03.02.10

Dynamics
Quotes of the oil market on Wednesday, February 3 on the basis of bidding closed with a slight decrease in the price of the background data on stocks of petroleum and petroleum products, by strengthening U.S. dollar on the currency market FOREX, and also because of the negative dynamics of neighboring markets and stock sites.

At the New York Stock Exchange NYMEH the March futures price of U.S. crude fell by 0.25, or 0.3%, and its price was 76.98 dollars per barrel.

The exchange ICE in London, Brent crude futures price fell 0.14, or 0.2%, to 75.92 dollars per barrel.

Causes
On Wednesday, February 3 quotes in the market of "black gold" closed with a decrease in price under the following factors: 1 - Economic data - data from U.S. Department of Energy showed reduced demand for oil in the four-week period ended January 29, at 2% , while oil reserves increased by 2.713 million barrels, gasoline inventories declined by 1.306 million barrels, distillate stocks, which include heating oil and diesel fuel, fell to 0.948 million barrels of refining capacity load factor was 77.7% 2 - Strengthening United States dollar in the FOREX market against the background after the release of economic news makrostatistiki and 3 - negative dynamics of the stock sites, where the major U.S. stock indices closed in the red zone against the backdrop of frustration for some financial reports (Dow Jones industrial average - 10270.55 (-- 26.30, or -0.26%), Nasdaq Composite - 2190.91 (0.85, or 0.04%), SP 500 -10001097.28 (-6.04 or -0.55%)), 4 - decrease in adjacent markets, namely the drop in market prices of precious metals; 5 - some market participants chose to take profits on a number of open long positions.

From news worth noting that in Russia opened a new strategic oil field with reserves exceeding 150 million tons - Savostyanov. The deposit is located in the Irkutsk Region and was opened by Rosneft. Stocks Savostyanova are 160,2 million tons of C1 C2. Savostyanova is owned by Mogdinskom site. The right to use subsoil Mogdinskogo plot Rosneft received in 2006. of 1,32 billion rubles. Currently, Rosneft prepares a license to prey on this field. Last year, Russia had produced 490 million tons of oil and 620 million tons of explored. By federal sites include deposit containing 70 million tons or more of recoverable oil reserves, 50 billion cubic meters gas, 50 tons of gold, 500 tons of copper, etc.

What to expect?
Many analysts point to the fact that oil prices are still within the trading range of 70-80 dollars per barrel and may have potential for further growth. The close relationship between oil prices and U.S. dollar is expected to continue to set the tone for trading on the oil market.

Why worry?
The main negative factors in the oil market are U.S. dollar and the technical picture, namely, the psychological and technical level of $ 80 per barrel, which does not allow to pass higher oil prices, thereby encouraging market participants to lock in profits on the open long positions.

Overview of precious metals market for 03.02.10

Dynamics
On Wednesday, February 3 quotes for gold and silver closed with a slight decrease in value against the background of strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of equity markets and adjacent areas, and for technical reasons.

As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures dropped to 6.00 to U.S. $ 1112.00 per troy ounce, quotes, silver futures fell 43 cents to 16.32 dollars per ounce.

Causes
on Wednesday 3 February futures on precious metals have completed trades with a decrease in price under the following factors: 1 - strengthening of the dollar in the FOREX market amid falling risk appetite after the release of economic news and makrostatistiki (fear of finance Greece and the less-than-expected decline in the number of jobs in the private sector, U.S. - 22000) 2 - Economic News - news about the strike, the largest union of Greece, which can damage the plans of the Government to fix its finances, has only added pressure on gold 3 - negative dynamics of the stock sites, where the major U.S. stock indices closed in negative zone against the background of frustration for some financial statements - Pfizer Inc. (Dow Jones industrial average - 10270.55 (-26.30, or -0.26%), Nasdaq Composite - 2190.91 (0.85, or 0.04%), SP 500 - 1097.28 (-6.04 or -0.55%)), 4 - technical reasons - Futures Gold faced with technical resistance around 1130.00 dollars per troy ounce, prompting some investors to lock in profits, 5 - decrease in adjacent markets, namely the drop in prices in the oil market.

silver futures fell along with gold futures in anticipation of release of data on employment in the U.S. on Friday. Prices for platinum and palladium fell to the background of some profit-taking by investors after recent gains.

From news can be noted t1000hat Russia has increased production of gold in 2009. by 11,2% compared with 2008. through the commissioning of new fields. Production, taking into account the actual production, as well as obiter and secondary production, in the past year amounted to 205.24 tons, production itself - 178.29 tons. Gold mining companies, in contrast to other metallurgists, not strongly affected by the crisis in 2008-2009. Which led to higher prices for enjoying the investment demand for gold. However, companies in this sector lost for easy access to debt finance, which negatively impacted on the work of small enterprises engaged in production from placers, but not from the ore deposits. The growth of gold production in the whole of Russia in 2009. provided, first of all, the Dome deposit in Chukotka, rights belong to the Canadian Kinross Gold, deposit Karalveyem businessman Lev Leviev and the Chukotka region, the Pioneer deposit in the Amur region and the deposit Berezitovoe company "Severstal" in the Amur region.

What to expect?
Traditional purchase of precious metals in the early years of the funds, the overall improvement in investor sentiment, as well as decrease the U.S. dollar will provide sustained support to the quotations of gold and silver. However, the situation could change dramatically if the dollar will resume its strengthening, as the inverse correlation between the dollar and the prices of precious metals continues.

Why worry?
volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals.

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We look forward to neutral trade at lower volumes. Tomorrow"s data on the U.S. labor market will give additional impetus to market

So far everything is progressing on the scenario, which we voiced yesterday - after rising earlier in the week until Friday probably a slight cooling of the market. And only tomorrow"s payrolls data on stock indices will give a new impetus to the movement. We expect that up. Accordingly, today we do not expect sharp movements in securities. A sm1000all slide followed by returning to a level of $ 75 oil futures likely to continue. In general, we expect the neutral dynamics of the global financial markets. In anticipation of tomorrow"s labor market data, investors are likely to restrict their trading activity. Those who want to bet on tomorrow"s payrolls, we recommend to look for opportunities for shopping are traditionally the most rapid growth market - MMC Nornickel, UralKali, Rosneft. Especially interesting looks UralKali, who began to raise prices for spot deliveries in Asia and Latin America, which is an indicator of recovery in demand for potash fertilizers. If we really witnessing the emergence of a new wave of rising prices for potash, then the prospects for further growth the company"s capitalization is very clouded.

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Russia

Russia Market could not keep the won at the opening of frontiers and sank in the negative region on the basis of the day. Purchases at the start contributed to a positive external background: American and Asian markets on the eve showed growth, substantially strengthened and oil prices. Against this background, the MICEX index jumped 1%, but for the further growth of the forces was not enough. Double page motion of American futures triggered selling on Russian sites. For the "Bears" played and makrostatistika that turned out wo1000rse than market expectations. At the end of the day the MICEX index fell by 0,4%.

Despite the significant increase in prices for "black gold" most of the oil and gas companies have completed the day in the negative region. Lukoil fell by 0,9%, Surgutneftegaz - by 0,2%. Securities Rosneft did not help even the announcement that the company this year may get several licenses for the Sakhalin fields. Shares fell 1.8%.

The banking sector went into the "red" zone at the end of the day. VTB has lost 0,3%, Sberbank restrained at levels Tuesday.

Positive observed in the steel sector against the background of re-evaluation of the prospects for industry analysts. Paper Severstal showed an increase of 1,4%, CMI has risen in price by 0,7%.

to increase the quantity of paper grew Uralkaliya. The rise of quotations promoted the message of the price increase for potash to Brazil. Securities of companies on the basis of the day went up by 4,3%.

Forecast

External background - a negative one. World stock markets show a downward momentum in the background of mixed statistic data. Loss of U.S. indices were within 0.5%, in Asia - 1.5%. Oil prices decline after reports of rising energy stocks in the United States. The barrel of Brent crude traded at $ 75,5. We expect that the decline in Russia"s market opening will be within 0,5%. Support for the MICEX is located at 1325 points. Influence the course of trading today will have statistics on the labor market (16.30MSK), as well as data on industrial orders (18.00MSK).

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Russia stock market has demonstrated differently directed trends in the main indices, because the RTS added 0.56% to 1,507.15, in turn, the MICEX retreated 0.39% to 1,431.08. Bidders chosen to be fixed against the backdrop of rapid growth in recent days. Besides the external background favored the reduction due to the mixed macroeconomic data and weak corporate reporting Pfizer and MetLife. Oil quotes fell under the pressure of the U.S. Department of Energy data on hydrocarbon reserves in the country, which rose above expectations. Nevertheless, the background was unable to prevent the take-off of OGK-5 and Uralkaliya. The first walked up because of the establishment, together with Inter RAO UES enterprises for the development of nuclear energy. To date the only company in Russia related to nuclear energy, whose shares are fairly liquid. UralKali more expensive because of higher selling prices for products, while shares of its competitors also grown. In the afternoon there was fixation in telecom stocks, as Yesterday a meeting of the coordinating council of Svyazinvest, which describes a methodology for assessing MRK and Rostelecom shares for the purpose of restructuring the sector. One can say that the situation is almost cleared up, but it became known that the evaluation of companies, and coefficients of the exchange will be announced only at the end of March. European stock platform finished the day in negative zone. Still dominate markets, the gloomy prospects of Greece and Portugal because of their huge national debt and budget deficit. Information that Greek workers "union intends to hold a general strike because of the authorities" decision to raise the retirement age only exacerbated the situation on the markets. Statistics for the region were mixed, as indices of business activity in the euro area services sector, and Germany have exceeded predictions, but at the same Britain, he was not so impressive. Data on retail sales Erozone up to the month have not changed, but the annualized figure improved. Statistic data from the U.S., where the number of employed fell by less than the expectation value were positive, but leveled its index of business activity in the services sector, which was released not so optimistic as projected. Corporate news also were diverse. Negative predictions are companies who see no prospects for significant improvement in the situation due to weak demand for their products, in particular with the statement made by the appliance manufacturer Electrolux and steelmaker Outokumpu. Buckling commodity prices also adversely affected the companies" shares. However, strong demand action carmakers, as well as a number of companies in this sector reported a rise in sales.

U.S. stock markets finished the session mixed dynamics indices. Established markets in positive territory prevented by disappointing corporate results among such companies were Pfizer and MetLife, and forecasts, as well as mixed statistic data.

Asian stock exchanges today, most of them are in the negative zone. Buckling oil prices and U.S. indexes led to a negative start bidding. In addition, frustrated investors in these regions identified a sharp rise in unemployment in New Zealand and fall in retail sales in Australia, which may adversely affect the economy of the region.

Russia"s shares wf83ill resume at the opening of decline, and the MICEX index step back to 1420. Pair EUR /USD again closer to the support of 1,387 pending a decision by the ECB rate. Fall below this level will have pressure as the stock and commodity platforms, which can lose all their results of growth of recent days. In this case, the MICEX index may again find himself on 1400.

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Year 2009 First expired, and the WHO with the bureaucracy and is now somewhere "out there". "The power of money" to figure out how you can reduce "then I do not know that": no one has not determined how many public servants need to Ukraine.

From 2008, Ukrainian politicians constantly harp on the need to reduce the state apparatus. During the crisis (and part-t1000ime pre-election) year, these statements become a dramatic shade and have been adopted by presidential candidates. Some of them said that civil servants in Ukraine too much and need to cut.

example, Inna Theological proposes to reduce the number of civil servants by half, because "officials have turned to a new class, the means of production which have pen and paper." Viktor Yushchenko at the end of 2008, called for dismissal of each of the fifth official, but no argument explaining why the need to reduce it so much, to be heard. It did not sound explanation as to why, for example 278 707 civil servants - a lot, and how much they need to be in the result. How to find out "WA", the number of civil servants required the State to fulfill their tasks, no one believes. No precise figure.

He considered me ...

Nevertheless, as ordinary citizens and the officials are confident that the number of civil servants in Ukraine is too large. Starting from 2005 the number of people in the service of the state, annually growing at 3-5% and at the beginning of 2009 was 290 765 people. If we exclude the employees of law enforcement agencies, then, according to official statistics, you get 278 707 people. In the Directorate of Public Service reported that the significant increase in the number of officials in the past year was not. This is a preliminary estimate, official figures for 2009 should declare Goskomstat in the I quarter with. PM

Although now we can recall several high-profile appointments. For example, a new position in the SBU, Viktor Yushchenko, invented specifically for Valery Khoroshkovsky. Or 22 high-level government posts (level up to and including the Deputy Minister), established by the Cabinet.

fairness it is worth noting that last year the government took steps to reduce and senior officials. In particular, abolished the post of deputy heads of some of the Defense Ministry, Ministry of Economy, Gostamozh ¬ service. However, the state apparatus was the Hydra, whose severed head instead of just grew two. In place of the laid off rank and file employees were replaced, and not very ordinary. On average, as calculated by experts in Ukraine is 150 deputy ministers - ten on each ministry.

One of the main arguments in favor of reducing the number of workers in the service of the state, called the exorbitant costs for their content and excessively high burden on tax payers ¬. The question of funding remains an important but not paramount. To do this, have their own reasons.

First, the cunning ones who say that, say, for an increase in the number of ministers or other officials will have to pay extra from the Treasury. As it turned out, it"s not quite true. Each year, developing and adopting the state budget, the government and parliament determine how much money will Ministries, state committees and departments. This is a specific amount, some of which emit in the payroll. For example, in 2009 the needs of the Ministry of Economy has been allocated 240.3 million UAH., Of which the wages of all employees - 117.2 million UAH. In late November, the Cabinet of Ministers ordered a new post of deputy minister of economy. Funds for the salaries of its establishment was forced to allocate the existing wage bill for 2009 that is from above 117.2 million UAH.

According to the explanation of experts to make this possible through the reallocation of funds from within the government. For example, take the money from their own staff. After all, civil servants" pay consists of salary, allowances, allowances for the rank and awards. From this list of mandatory payments to all but the last. According to the employee of one of the departments of the Mini1000stry of Finance, who wishes to remain anonymous, had the size of their premiums amounted to 100% of salary.

"But this year it cut somewhere up to 60%. So, in the amount of ordinary civil servants began to receive less" - complaining about it. A similar situation in the Ministry of Labour and Social Policy. His servants had long lived only on base salary and bonus for rank. And even before the days of the award were not mentioned. In contrast, both the Ministry in May of 2009, acquired the additional post deputy ministers. As a result of the introduction of additional staff in state institutions suffer mostly ordinary workers.

Secondly, to resolve the costs of maintaining public servants is unrealistic so long as the same is the basic approach to determine the appropriate amount. And now it is defined in the manual mode. Click to continue »

Festive price hike of fuel and lubricants, and continued after the Christmas holidays. At this time the main reason was the weather. The market is becoming less predictable and less dependent on objective factors.

Last month liter of the popular high-octane gasoline increased by almost hryvnia. Back in mid-December, according to consulting group "A-95", it was priced at 6.95 hryvnia per liter, and the Catholic Christmas overcame mark seven hryvnia. Then there were three sharp jump, and a liter of fuel is costing motorists almost eight hryvnia.

Roughly the same happened with diesel fuel. If at the end of last year it was possible to buy an average of 6.38 hryvnia per liter, then the first week of January - is already at 6.47. The surge occurred on 21 January, when the cost of diesel rose immediately to 40 cents. Now the national average price of diesel is 6,85-7 hryvnia per liter.

market participants, as usual, nod to world trends and exchange rate fluctuations. "Our price is determined by the market. This is the most complete answer I can give," - said Valery Ryasik, a spokesman for the company "Lukoil-Ukraine", which is Jan. 26 to hike prices of its gas stations. However, according to1000the group "A-95", the cost of oil and petroleum products in the world reached a peak 7-11 January and has now been returned to the level of the end of December. Following this logic, we can expect cheaper fuel in the Ukrainian retail market. Nevertheless, it continues to go up.

Regarding the hryvnia exchange rate, it changed not so much to influence the price of petroleum products. In late December, the dollar was worth about 7.95 hryvnia, to January 20 rose to 8.12 hryvnia on the interbank market. However, after this rate decreased to 8,06-8,07 UAH to the dollar, which corresponds to the end of November.

"I do not think talking about the price hikes of fuel. Rather, a return to the level of October and November after the December sagging prices followed the same behavior of the dollar and oil prices" - the press-secretary of the group Galnaftogaz (a network of filling stations "OKKO) Oles Edge.

However, there are other reasons for price rise, in particular, the weather. Unusual for Ukraine frosts hit on diesel fuel: even his version of the winter in many cases has proven unable to withstand temperatures below minus 20 º. "Some traders stocked up years of diesel fuel in the hope of a warm winter. Consumers were forced to flee from them to other filling, creating a buzz", - says Director of Consulting Group "A-95 Sergei Kuiun, specifying that this explains the price hike of diesel, but not gasoline . Click to continue »

Norilsk Nickel

Surrounding levels of support: 4,680.00 /4,500.00 /4,450.00
nearest resistance levels: 4,890.00 /5,000.00 /5,100.00

The positive trend in prices for industrial metals contributed to the increase in value of the shares of MMC Norilsk Nickel, the day before. As a result of the day shares added 2.25%, to close better than the market, at the level of 4780 rubles.

External signals before the start of trading remain positive for the shares of the metallurgical sector. The proximity of EUR /USD pair to the level of resistance can change the mood within the day. The immediate resistance for the shares of MMC Norilsk Nickel is the upper limit of the price band (4890 rub.). The closest strong support is the level of 21-day moving average

GAZPROM

nearest support levels: 190.00 /187.40 /186.20
nearest resistance levels: 195.00 /200.00 /204.40

rise in oil prices agains1000t the background of the restoration of EUR /USD pair contributed to the positive dynamics of shares of Russian "oil industry. Papers of "Gazprom" in the course of yesterday"s session were traded at the market level and on the basis of trades added 1,24%, ending the day at 192.21 rubles.

External signals are positive for the shares of oil and gas sector. Brent crude futures on the end of yesterday"s trading on the domestic market added more than 1,5%. In case of change of sentiment on the commodity market during the day sector shares may be adjusted downward. The immediate resistance for the shares of "Gazprom" is the level of 195 rubles. Support during the current session can make a mark 190 rub., At a penetration which will be down to the level of 61,8%-term correction of Fibonacci from the highs of 2009.

LUKOIL

Surrounding levels of support: 1,700.00 /1,680.00 /1,620.00
nearest resistance levels: 1,750.00 /1,780.00 /1,800.00

rise in prices for "black gold" support actions "LUKOIL" during yesterday"s session, following which the paper added 1,52%, closing at 1,711 rubles.

external signals to market oil and gas sector are positive. At the primary sites remain positive mood: futures for Brent crude traded at $ 76 per barrel. The opening of trading in the shares of LUKoil held higher levels of completion of yesterday"s session. The nearest resistance on the shares is at the upper boundary of the price band. The closest support level is the 21-day moving average.

SBERBANK

nearest support levels: 87.80 /86.70 /85.00
nearest resistance levels: 88,50 /90,00 /92,40

In the absence of supporting factors Sberbank during yesterday"s session, lagged behind the market and by the end of the day added 0,41%, closing at 88.05 rubles.

signals before opening the bidding to be positive for shares of the banking sector. Securities traded on the eve of U.S. banks better than the market that can support the sector shares in the domestic market. The immediate support for the securities of Sberbank is the level of 10-day moving average. Resistance for shares will perform once again the level of 88.5 rubles.

VTB

Surrounding levels of support: 7,55 /7,36 /7,31
nearest resistance levels: 7,80 /7,90 /8,00

VTB during yesterday traded at the market level and the outcome of the session was added 1,34%, closing at 7.59 kopeks.

External signals contribute to a positive start bidding. The nearest resistance on the shares of VTB - the level of 7,8 UAH. Next strong support for the papers lying on the boundary of the price band.

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