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19.08.2016, 13:45

WSE: After start on Wall Street

We did not spend a long time on these, slightly higher levels, which we mentioned in the previous comment. After 14 o'clock (Warsaw time) contracts for the S&P500 went back to session lows area and in response to such behavior both of the DAX as well as our WIG20 went down to the vicinity of its minimum levels.

In anticipation of the start of Wall Street once again we went down in the area of the previous lows of the session, which confirms that even in the afternoon cards on our parquet are distributed by the supply side. It seems that the bears are standing in the blocks and just waiting for a good opportunity to start the attack on the level of 1,800 points.

Such a situation occurred after the start of trading in the US. Among blue chips grow only two companies - PGNiG 1.8 percent and PKN Orlen 0.2 percent.

The WIG20 index 15 minutes after the start of overseas trading stood at the level of 1,798 points (-1,22%).

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