In the event that the paper the Savings Bank will continue the downward movement of the support they can provide long-term upward trend

Sberbank: buy at the breakdown downward trend

After the 2 nd June, the annual maximum, the paper is the beginning of correctional movement down. The decline ended the attempt to break support at 35, which failed, after which the action is beginning to recover. Piercing through level 40, it reached resistance at 43 and its short-term downward trend. This prevented further recovery. Top-down trend, providing resistance, pressed the paper to the level of 40, resulting in action two days, closed below that level. In case the paper will continue its downward movement of the support it can provide long-term upward trend, which takes its origin from the minima of the first numbers in March, and the level of 35. Open a long position is in the case of a puncture of the downward trend and the level of 40. The second option, the purchase when approaching the bottom-up trend, with stop below trend, but this option in the current situation is more risky, as a result, we recommend that you wait until the puncture downward trend.

unsecured gepy: 46.87, 30.

Levels of support: 35, 30.5, 25.2;.

Resistance Levels: 40, 43, 47, 52.

Recommendation: In the event of a puncture of the downward trend and the level of 40, to open long positions with stop at 38.

Forex - Asia
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Loans to individuals - Market Review
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This week is full of important output statistics