Russia's stock market ends August on a minor note on the background of another correction in oil. After the end of trading on domestic platforms on Friday the situation in the commodities market has changed for the worse and the quotation of oil rapidly decreased. The negative trend continued throughout today's trading session. Opening, as expected, was held with a gap down, followed by the MICEX index easily struck down the level of 1100 points. Published in the session statistics for the euro area - namely, consumer price inflation, had no impact on the currency market.

By the end of the day influence on the bidding will assist the situation in the USA markets. In the case of a moderate decrease is not ruled out a wave of purchases on the domestic market closer to the closing session, as most liquid shares reached a local minimum, which is likely a technical turn up. Local growth may be the closing of short positions in case of change of sentiment on the positive, so it's worth thinking about the formation of speculative positions on the purchase. In favor of the likely rebound also appears close quotations of oil to local minima of last week, from which the likely reversal. Without powerful drivers for the sale price of black gold is unlikely to fall below $ 70 a barrel mark Brent, so either tomorrow or near the end of today's trading session, you can catch a wave of speculative buying.

Technically, the MICEX index re-test support last trading week - 21-day moving average. With a penetration of this level down to the nearest support the formation of speculative positions in the purchase will make the level of 1060 points. It is worth noting the low trading volumes, indicating the speculative component of profit-taking, and not to withdraw large investors.

Tomorrow's session is full of important macroeconomic statistics, which will increase volatility in the stock market, so the best strategy remains speculative. Medium-term investors still need to wait for the penetration of strong resistance on MICEX - 1130 points. In the first half of the trading day attention should be paid according to the Eurozone unemployment, as well as an index of business activity in the manufacturing sector. At the finish of the session, the market waits for a block of statistics from the U.S., before the publication of which is better to go to the cache. Attention is given to the next data on the housing market, as well as an index of gradual acceleration of inflation.

Shares Russia's oil industry once again among the outsiders against the background of a sharp decline in oil prices as a result of information on the growth stocks of distillates. Most papers today retain local support, which is good level for the formation of positions on a purchase. Thus, according to Gazprom this level is at least the last week - 162 USD mark. In order to return to the nearest resistance (163.4 rubles).. Interesting ideas can become tomorrow's session, shares of Rosneft as a result of expectations of accountability for the II quarter of US GAAP. The closest level to build positions is 61,8%-s correction of Fibonacci in the area of 196.8 rubles. to return to the lower boundary of the corridor - 203 rubles.

's favorites are the paper of domestic telecommunications sector, are in demand in the period of correction in the market. In addition, the driver of growth is the season of reporting issuers.

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