Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, December 7, 2011

Crude Oil (WTI) Technical Analysis 2011.12.07

This is a quick update of the Crude Oil (WTI) H1 chart: the bearish scenario presented in the past analysis (http://markettechnicalview.blogspot.com/2011/12/crude-oil-wti-technical-analysis.html ) is still valid.

Moreover, we had a confirmation today as the T3 trend line acted as a resistance. The first support is in the 100.00-100.30 area but the targets are at the 98.00 level, followed by the late November lows, in the 95.50 area.


Posted by Adrian Filip at 3:28 PM
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