The RTS and MICEX closed higher

MOSCOW, October 28. The stock indices of the Russian Federation has finished today’s trading growth. So, the MICEX index (MICEX) on the results of today’s trading on the Moscow stock exchange rose by 0.04% to 1726,61 points, and RTS – on 1,84% to 854,74 item.

The increase of oil reserves in the U.S. for the last reporting week was more modest forecasts (of 3.4 million barrels vs. 3.7 million), which slowed the decline in oil prices, said the Director of the analytical Department of the IR “Golden Hills-Kapital AM” Mikhail Krylov. The cost of futures for oil of mark Brent with delivery in December 2015 during today’s trading on the ICE exchange in London grew by 4.5% to $49,02 per barrel.

By evening, the ruble had recovered to the background of the rising price of oil. The Euro trades Moscow exchange has returned to the level below 71 rubles. and traded at a 70.5 rubles, and the dollar fell below 64 rubles to the mark 63,7 RUB.

Earlier today the Euro against the ruble during trading on the Moscow exchange rose in comparison with level of closing previous trading session at 69 cents to RUB 72,31 the dollar rose in price to 58 cents to 65,48 RUB “against the strengthening of the ruble, the MICEX index will focus on 1700 points, while the RTS index will grow up to 868 points,” predicts Krylov.

If you look in General on the whole the MICEX index, it still dangles within the side of the formation, says expert “BCS Express” Vasiliy Karpunin. “The bottom from the acceleration of sales holding back the 1695-1700 area points, and the top key obstacle continues to be the mark of 1740 points”, – the expert believes.