3 trading strategies on the Russian market decline

The collapse in oil prices and a negative external backdrop left little chance for the Russian market, which suffered its biggest drop since March in trading on Monday. The longest losing streak in a year - four days in a row - sent the Russian market to its lowest since late May, cutting off blue-chip capitalization by 938 billion rubles.

How long can the Russian market decline last? Which Russian stocks look the most promising for buying on a drawdown? Artem Tuzov, Executive Director of the Capital Market Department at Univer Capital IC answered Fortrader magazine's question.

- The Russian market is now showing significant correlation with the U.S. market. It is not just the Russian market that has been falling for 4 days in a row, the same is happening to . In case the decline of the index continues, we can expect the Russian market to continue falling as well. Lately all corrections in the index have been taken care of by the market and it is more likely that by the end of this week the indices will go back to growth.

On a prolonged market decline, if it happens, you can focus on three strategies: