Source Pravda.Ru

Gazprom shares consolidating

Analyzing the situation on the market of shares of the Gazprom gas holding,one can suggest that consolidation continues on the market. This processwill bring about a new price increase, as these shares have recently beenclose to their possible minimal level, after which a surge could start. Buta push is necessary to attract new investors to the market. The traders,who are currently working there, seem to have decided to buy shares lessactively than this spring. Gazprom stock market is most likely to fluctuatewithin a sideways trend between RUR25 (about $0.79) and RUR27 (about $0.86)so far, an expert of a large investment company said in an interview withRBC commenting on the trade on the Gazprom stock market.One could see that prices 'do not want to go down' and have stabilized overthe RUR23.50-24.00 (about $0.74-0.76) support level. The only thing, whichthreatens traders, is a new drop in American stock indices. An increase inshare prices is likely to be expected a little later, in mid-fall. Dealersare to gather themselves up a bit; they should be patient and wait tillnews arrives, after which they could make an attempt at new bullishspeculations..

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