Russian stocks seen flat amid mixed background, falling oil

MOSCOW, Feb 27 (PRIME) -- Russian stocks may open neutrally on Tuesday amid a mixed foreign background and oil prices slightly falling in expectation of the U.S. oil statistics data release, analysts said.  

“We expect the Russian stock market to open at the level of the previous close of the MOEX Russia Index, assuming that amid a mixed foreign background the MOEX Russia Index will fluctuate around achieved levels,” Oleg Shagov, head of investment company Solid’s research department, said.  

Brent oil futures are fluctuating around U.S. $67.4 per barrel in expectation of publication of the U.S. oil statistics data.

The leading U.S. stock index futures are suffering small losses, while main Asian stock indicators are not showing single dynamics.

Vitaly Manzhos, senior risk manager at investment company Nord Capital, also projects a neutral start of trading in Russia with an insignificant change at the MOEX Russia Index, in the range of 2,350–2,355 points. The nearest support levels will be 2,340, 2330 points, while the resistance will be 2,370, 2,380 points, he said.

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