Russian stocks may decrease on falling oil, mixed background
MOSCOW, Apr 29 (PRIME) -- Russian stocks may moderately decrease at the opening on Monday dragged by falling oil prices and a mixed foreign background, analysts said.
УWe expect the MOEX Russia Index to open with a moderate decline of around 0.3%, near the level of 2,555 points. The nearest support levels will be 2,550 and 2,540 points. The main resistance will be at 2,570 and 2,580 points,Ф Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures are demonstrating an insignificant increase within 0.1%. Brent oil futures lost 0.6%. ChinaТs Shanghai Composite rose 0.6%, and Hong KongТs Hang Seng added 0.9%, the analyst said.