Rising oil prices, happened before, not based on fundamental reasons, but on the flight of players in currency markets

Thank external factors

The unprecedented increase in oil prices happened before and led them to a level of almost $ 80 in any case should not put a damper on Russian market participants, as often happens. All growth is not based on fundamental reasons, but simply to escape from the currency markets and market participants searching for a more reliable investment tools, rather than the world's major currencies. As you know, nowhere to run special - either on metal markets, or on the oil markets. In fact, that we actively observe in recent years. All the technical factors that indicate a possible fall, were ignored by the strong liquidity and rising oil prices. Nothing is fundamentally important in the market for a long time did not happen - from this point of view of Russia's market has long been in Bokovikov, which led to a sharp increase in volatility. While the situation in theshort term looks like a contradiction, so for those who have money, we recommend long be out of the market, but for those with long positions - to keep. All shortistam stands strongly reflect on further action.

On the U.S. market trading the growth of leading indexes to their new maximum levels for the past year. The main reason for the growth of quotations of positive reports served as one of the largest U.S. publishing houses Gannett and manufacturer of electrical products Eaton, who exceeded expectations on the market. Against this backdrop, shares of Gannett, and Eaton grew up bidding on 8,2% and 5,7% respectively. The stock market also grew amid expectations of positive corporate news release, growing cost of oil and improve U.S. futures indices. The absence of significant macroeconomic statistics has the advantage of bullish dominance. Futures on the SP 500 went up to the mark of 1,100 points, as oil prices stayed below the key level of $ 80 per barrel, which helps to increase until minded investors.

Among the leaders of growth were the paper manufacturer Caterpillar earth-moving equipment, after Merrill Lynch raised its forecast for the value of the shares of the company, as well as the expected revenue in 2010-2011. then value of shares of Caterpillar rose by 6%. 3,5% added the paper of one of the world's largest chip manufacturers Texas Instruments, which released its financial report after the close of trading. Also yesterday released a report U.S. manufacturer of the popular gadgets Apple, whose shares trade results went up by 1%. The increase in metals prices has strengthened the position on the trading floors in the largest U.S. aluminum producer Alcoa (0,2%) and one of the world's largest gold producers Barrick Gold (0,8%). 2% increased the paper's second-largest U.S. car manufacturer Ford, after market rumors that the company can significantly increase the earnings forecast for the III quarter of 2009-year.

the oil markets after unprecedented growth in the previous week, market participants have decided to take profits. Only in the past week, oil prices on the stock exchanges rose on average by 14%, but only for the past week prices have risen on average by 10,5% and up to the bidding reached a maximum level for the year. Playing hard to improve the steel increases greatly in quantity, that has prevented oil futures fall heavily, so the decline on Monday was of a technical nature.

amid falling dollar and rising stock quotations of futures for oil have grown and expanded beyond its trading range of 65-75 dollars, prevailed over the past four months. Market participants were inspired strong signs of economic recovery after the recession, so they started to sell dollars and buy stocks and other commodities that are actively making progress from recovery. On Monday, the euro /dollar traded near the maximum of 2009-year, and the Dow Jones index of togam trades rose by 1,2% to its annual maximum. Trading on the commodity markets are now more based on the situation surrounding the U.S. dollar and the current optimistic view on what, if commodity prices and share prices continue to rise, then consumption should be increased. Note that the dollar has been declining gradually over several months, as oil prices do not always grow like pace. Many investors in the market are skeptical that the increased demand associated with economic recovery, will be sufficient to reduce the huge reserves of oil and fuel accumulated during the most severe economic downturn.

Today, Russia's stock market after the discovery of a light plus we look forward to continued growth in the strength of what is happening in the markets of raw materials and metals, even in the absence of strong domestic media to grow. In terms of the publication of macroeconomic statistics today, all calm, but leaves a lot of corporate reports (Bank of new York Mellon,Caterpillar, MT Bank, The Coca-Cola and Yahoo), and at 16.30 come the index of production prices and data on permits for new homes USA.

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