Russian stocks to rise on positive background, oil price growth

MOSCOW, Jun 24 (PRIME) -- Russian stocks may grow at the opening on Monday amid a moderately positive foreign background and rising oil prices, analysts said.

“We expect the MOEX Russia Index to open with a moderate increase of around 0.1–0.3%, around 2,765–2,770 points. The nearest support levels will be 2,750 and 2,740 points. The main resistance will remain at 2,780 and 2,790 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 moderate increase within 0.2–0.4%. Brent oil futures and futures for gold added 0.4%. China’s Shanghai Composite lost 0.1%, and Japan’s Nikkei225 added 0.2%.

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