Mon, 26 Dec 2011 09:13:00 +0400
Exchange news, S&P500. Market overview and current week (Monday, December 26) forecast from the Department of Masterforex-V Trading System .
Last week was positive and showed the growth of S&P500 index, having met the market statistics of market growth on the eve of Christmas. At present technical bottom line is at the point of 1250.00, the top line is at the point of 200-day average:
It can be observed from cluster charts that at the beginning of the week sellers’ pressure was broken by consumer purchase, which resulted in further rising trend at the market:
Weekly market profile shows that buying zone is over 1235.75, and selling zone is below 1210.50; in between these zones lies the field of action of the channel:
All sectors of the market have had a rather even rise; industrial sector is at the top of the list because of a 3-month leadership in terms of statistical data. This signals about the generally positive market atmosphere:
The index of investors’ uncertainty (or index of “fear”) VIX currently is absolutely positive, which can be clearly seen from the positive spirit of investors:
In spite of this, stock market liquidity always falls drastically during the period of Christmas and New Year holidays. This can result in the general rise of market volatility.
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It is common knowledge that the Russian economy heavily depends on the export of crude oil and natural gas. Based on the current situation in the global market of crude oil, the international expert community sure that if the price of crude oil goes below $22,5 per barrel, the Russian economy and financial system will crash.