data to determine the housing market and finish the session on the Russian market, and the course of the trading in the U.S.

The main focus during the current session was made on the futures index SP 500, which historically correlates Russian stock market. Maximum session on MICEX index was recorded at the beginning of the trading day, when otygryvalos subdual futures SP 500 index marks 980 points. However, correction of the maximum impact and in the domestic market, where a wave of sales. Futures Brent oil brands in the session seemed quite stable, bargaining in a fairly narrow price corridor. However, in the second half of session, oil futures mark Brent fell to a level of $ 70.5 per barrel, resulting in a sale in the Russian market - primarily in shares of oil and gas sector.

After opening strong, market participants took a wait-and-see attitude before reading out the data on sales in the primary market of housing in the United States. That data on housing market will determine the finish of the session and the mood in the U.S. market.

Reports that were published prior to opening in the United States were mostly positive. Verizon report coincided with expectations. In my opinion, in the case of positive data on the housing market, you can safely open positions. Also pay attention to otygryvanie data: if it would be a formidable character, I recommend to record profits, because the levels are quite high, which is linked with increased risk.

session tomorrow promises to be quite interesting, because prior to the opening of tenders will be issued about 80 reports. In particular, reported giants such as US Steel, BP, and Pepsi. Make our contribution and statdannye on the U.S. economy: home-price index from the SP, the index of consumer confidence, the index of business activity in the manufacturing sector.

Technically, the index is traded on the MICEX critical level, which accounts for 50% loss of correction of Fibonacci series of annual maxima. Closing above this level could have a bulls support at tomorrow's opening. The belief of market participants in the further growth is still maintained, because they do not want to fix the profit received during the July rally.

In my opinion, if the growth continues, the MICEX index could pick up for 1080 - 1090 points. At the bottom of this range have 68.2% loss of correction of Fibonacci. At the upper limit will have an important resistance level, through the historical and annual maximums. In my opinion, this range is unlikely to be passed, and if the correction does not start before start of sales will have on the range. Tangible opportunity for sales can be a preliminary GDP data for the United States for the II quarter of this year, which will be announced on Friday.

Toward the end of the session the situation in the shares of Russian market - even within a single sector - look quite different. Better market traded securities of financial institutions. Demand is related to the strengthening of the domestic currency. Shares of Sberbank are consolidated near the top of an ascending channel. In the case of positive data, they can rush toward 43 rub. In the case of a negative signal - can descend to the level of 41 rubles., Which accounted for 38.2% loss of correction of Fibonacci series of annual maxima.

Shares traded oil and gas sector differently. If the paper Tatneft retained more than 4% by the black, the shares of Lukoil for the session ate the whole morning, and the growth of consolidated near the 21-day moving average. If there are positive signals of the issuer's securities may become an interesting investment idea.

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