Russian stocks seen down dragged by oil prices, global floors

MOSCOW, Apr 1 (PRIME) -- Russian stocks are projected to decrease at the opening on Wednesday dragged by declining oil prices and negative dynamics on foreign floors, analysts said.

“We expect the MOEX Russia Index to open with a decrease of around 2–3%, in the range of 2,430–2,460 points. The nearest support levels will be 2,420 and 2,400 points. The main resistance will be at 2,480 and 2,500 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 falling by 1.8–2.3%, Brent oil futures decreased by 2.8%, China’s Shanghai Composite fell 0.1%, and Japan’s Nikkei225 edged down 4.2%, the analyst said.

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