Russian stocks may fall dragged by negative foreign background

MOSCOW, Feb 26 (PRIME) -- Russian stocks are projected to decrease at the opening on Friday amid falling oil prices and a negative sentiment on foreign exchanges, analysts said.

“We expect the MOEX Russia Index to open with a decrease within 0.4–0.8%, in the range of 3,385–3,395 points. The nearest support levels will be 3,370 and 3,350 points. The main resistance will be 3,400 and 3,420 points,” 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 a decline of 0.5–1.1%, Brent oil futures fell 1.3%, China’s Shanghai Composite edged down 2.1%, and Japan’s Nikkei225 lost 3.5%, the analyst said.

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