Another of the correction may become standard in 1239 points on the MICEX Index

The old rule Gazprom increases last once again proved its case. Yesterday, the MICEX index drew the first black candle after 6 days of continuous growth. Probit uptrend on October 5, perfected the first level of expansion at 1310 n. (23.6% of growth). But still the probability of retrograde movement of 1340 on, especially given the weak dollar, the morning high oil prices and positive dynamics of U.S. futures after the report Intel.

Inertia dialed growth and a considerable amount of money pumped, apparently, still able to for some time to support the market at the level achieved. The spillover of U.S. banks reporting in principle able to keep the main intrigue of expectations by the end of the week.

However, the MICEX index is much looked up from the rear - the next levels of support in the face of short-term balance-sheet prices are in § 1282 (OVR-5) and 1239 subsection (IAD-20). The most likely next target of the correction may serve precisely the level of the ISI-20. Do not forget - here are the previous maximum index of the September (1241 on) and unclassified gap of 8 October. If the market receives the necessary information events, then drop to this level may take place within one day.

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