The Russian stock market is ready to continue falling

  • And
  • +A

Most of the major Western stock indices finished Friday’s growth. On this auspicious Vaughan grew up and the Russian market. At the end of the day the ruble Mosberg index added 0.54 percent, dollar-denominated RTS index to the weakening of the ruble grew less 0.10%. Among leaders of growth – “Gazprom” (+6,95%) and “Yandex” (+2,37%). Dow 30 increased by 0.19%. Monday morning the majority of indexes of Asia Pacific decreased by 0.2-0.6%. The exception was the Australian ASX, which added about 0.5%.
Futures on the S&P 500 index was trading in the morning close to 3 020 p., on 0,14% below level of closing of the previous trading day, after closing Friday renewed its historical maximum. Slight morning decline in oil prices and decline in most Asian pads set of moderately negative external background before opening the Russian stock market. Likely day the corridor index Mosberg is in the range of values 2690-2745 points, the RTS index — 1335-1360 points.
Friday, the oil held in “sideways,” and thus concluded colorless, trendless week. The market has adapted to the tension around Iran and the rest of the event reacted a little. Bidding began at $63.1 per barrel for Brent. During the day the price was reduced to $62,9, then grew to $63,7, and ended the day near $63,2, only slightly above the level from which you started. Report oilfield services company Baker Hughes showed a decrease in the number of active oil platforms in the U.S. for the week for three units up to 776 units, but the data market is ignored.
Monday morning trading black gold flowed again without trend, slightly below Friday’s closing level, in a narrow range of $62,9-63,2 per barrel. Probable trading range for the remainder of the day for Brent crude is $62,4-63.6 per barrel. The medium range which is defined by the closest significant support levels and resistance remains between the $62,4-64,6. In case of a possible breakout of support at $62,4, the next target for decline will become the level of $61,0.
Unlike shares, the ruble plunged on Monday, albeit only slightly. At the end of the day on Masuria, the dollar calculations “tomorrow” rose to 63,3675 roubles (+13 kopeks), and the European currency has grown to RUB 70,5000 (+6,5 COP.). The morning’s modest decline in oil prices may have at least the minimum, but still the pressure on the ruble. The expected daily range for the dollar amounts to 62,7-64,0 RUB, for the European currency — 69,8-71,2 RUB.
Vadim Iosub,
Senior analyst,
“Information-analytical center “Alpari”