Despite continuing the oil, the Russian stock market has lost almost 1.7% according to the main session. Thus, it can be stated that the originating trend is exhausted.
True, the closure of the main trades had to be at the peak of reducing American indices, by the end of the day America bounced off. Today, in the morning, American futures are traded in a small minus, so we are waiting for the opening of the market in the Mosbery index with a small increase.
The lack of a positive reaction of investors on continuing to increase the oil is caused by the fact that everyone understands that the rise of the "black gold" quotes are associated with weather anomalies primarily in the United States. As soon as a small warming comes, American oil producers will strive to compensate for the incomplete volumes.
The Sberbank shares (MCX: Sber) and Norilsk Nickel (MCX: GMKN) and Norilsk Nickel (MCX: GMKN) looked better than the market, and this gives reason to believe that the interest of non-residents to Russian shares is not dried, and they will also support him with their money.
In general, the situation looks rude. There are no internal reasons for lifting, and any negative will be used to fix profits. However, the resumption of growth overseas may well send the Mosbier index to new historical maxima.
In such conditions, medium-term investors can still save positions, and speculators to focus primarily on the dynamics of American futures, the effect of oil will not be so significant. But today in the morning they can jump back to Rosneft (MCX: Rosn) and LUKOIL (MCX: LKOH), who have solicified yesterday.
As often happens, Mosbierzhi shares (MCX: MOEX) were traded against the market, which did not participate in the growth of the beginning of the year and behind the market as a whole. The paper is trying to get out of the sidewall to go to rewrite historical maxima. While the Mosbirgerian shares can be kept in briefcases.
Twenty today and former yesterday, among the leaders of reducing the shares of gold miners against the background of semi-loan growth of gold, which turned from supporting $ 1750 per troy ounce. In recent months, gold lags behind the growth of other raw materials assets. It is possible that this year we will see a new rally in gold, as was observed last year. For the long-term prospect of gold mining campaigns, they can be left in briefcases, by the way, will serve good protection against the devaluation of the ruble.
Does not react to expensive oil and ruble. Today, the Forex pair of the Dollar-ruble remains in the area of yesterday's closure - 73.7. It is possible that at the opening of a bid, we will see a short-term downward pulse by a pair, but the mark 73 remains an impassable barrier.
Currency traders are also aware that expensive oil - the phenomenon is very temporary, and the balance of payments of Russia continues to deteriorate. Therefore, medium-term investors can be recommended to open long positions on a pair of the dollar-ruble.
Chief Analyst Alor Broker Alexey Antonov
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