All is lost - fell contango!

Now a lot of confusion around. Former U.S. president confuses Iraq and Iran, the other day, General of Romanian soldiers mistakenly sent to Tahiti in French Polynesia instead of Haiti … I have a version that investors are passionately want to buy shares, but confused the button to “sell” and “buy”, so the market is weak. Now let”s talk seriously. By 16.40 the MICEX index fell by 2.8% (up to December”s levels), but this is not a reason for the total pessimism. Fall is a margin papers of the first echelon, second echelon (Energy, Telecoms) purchase there. In the first echelon in the shares of Gazprom”s proposal to buy at 176 were not realized - and this is positive. According to Gazprom is a positive news background (”Investor Day”). The acts of Rosneft, a substantial decline -2.8% and at the same time there is a big buyer and at times exposes to buy (size of 200 000 - 300 000 pieces). From this I conclude that the spot demand in the first echelon is also present and all that, amid a sharp decrease in unemployment in the U.S. (in January).

Giving forecasts for next week - a thankless task, but I would venture to suggest that in the case of penetration bears support 9950 index DJIA, domestic MICEX index continued its decline to the level of support for 1,310 points. However, this option, I think it unlikely, because oil quotations are now approaching the support of $ 72.4 per barrel, where a suspension reduction. Contango - the excess of the June futures price of WTI crude futures in relation to the March today fell from yesterday 2.02% to 0.97% (below 1.98% in the last two months is not omitted) and indicates the strength of a bear sentiment in the oil market , but I expect a rebound of oil upward. Dynamics of oil and gas sector would be “better than the market”.

Downward trend in stock markets is more due to lack of ideas for growth, rather than macroeconomic data
As of 17:30 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 180.95 billion rubles
The positive outcome of G7 meeting could lead to a rebound in world stock exchanges, the MICEX index would rise above 1,430 items
If the U.S. today there are no significant sales, the Russian market can rebound to 3-4%
Problems in PIGS lead to cuts in carry trade
Review of the precious metals market for 04.02.10
Obama guarantees deposits
Treasury: Debt of Ukraine at the end of 2009 amounted to 301.4 billion USD
G7 would discuss exchange rates and financial sector reform