Russian stocks may decrease on falling oil, mixed background

MOSCOW, Jun 21 (PRIME) -- Russian stocks may slightly fall at the opening on Thursday as oil prices resumed downward direction and the foreign background is mixed, analysts said.

“We expect the MOEX Russia Index to open with an insignificant decline, near the level of 2,255 points,” Vitaly Manzhos, senior risk manager at investment company Nord Capital, said. The nearest support levels will be 2,250 and 2,240 points, while 2,740 and 2,280 points will act as resistance.

Before the start of trading in Russia, the U.S. stock index futures significantly grew within 0.5%. Brent oil futures lost 0.7%, gold futures fell 0.6%. Japan’s Nikkei225 added 0.9%, and Hong Kong’s Hang Seng decreased 0.5%, Manzhos said.

Olma senior analyst Anton Startsev said the outlined growth at the RTS index may be suspended today. Speculative activity on the oil market may reduce ahead of the OPEC meeting, he added.

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