High volatility of Oil Prices keeps markets tensed

On Monday 09.05.2011 European investors remembered of bargain problems due to latest credit rating decrease in Greece, the USA indices keep growing.
Shares dynamics will be positively affected by good information on trading balance of Germany and China. The positive net balance of German trading balance in March 2011 increased to EUR 15,2 billion concerning season oscillations, in comparison with  February 2011. Experts expected the figure to be EUR 13,5 billion.
Chinese external trading net balance is still profitable in April 2011 and the profit had a significant increase to USD 11.4B (the highest figure since December 2010), versus 0.14B in March. The actual value was twice as high as forecasted 3.3B.
European Indices were decreasing. International rating agency Standard & Poor’s (S&P) decreased the long-term sovereign rating of Greece by 2 steps – from BB- to B.
The short-term rating was decreased from B to C.
Concerning significant macro indicators – the USA Import Price Index will be published today by 3 PM
Asian Fund Indices are growing in general. Chinese SSEC and Japan Nikkei increased by 0,24 %,0,40 % respectively. Korean KOSPI lost 0,39%.
RTS Index started the day with a substantial growth. The average oil prices show decrease, despite the growth of prices for oils Brent and WTI according to trading results of electronic stocks IСE Futures Europe and NYMEX. Probably, this is associated to the marginal demand rise of oil futures by 25% by Chicago Exchange.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price stays below the indicator Parabolic. Stochastic and RSI formed signals to buy. The trend is bearish.
On the 1-houred timeframe the price placed above Parabolic indicator. Stochastic, RSI and MSCD still signalize to buy. The trend is lateral.
We expect the lateral trend on the Ukrainian Market in the first part of trading session, against the ambiguous signals from the global markets.  UX Index will mostly situated between 2630 and 2670 points. The touch of upper border of diapason means index and futures most likely to grow by the end of the day.
The touch of lower border means index and futures most likely to decrease.
The UX Index is above the supported level 2670 points.