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 21, 2011

Crude Oil (WTI) Technical Analysis 2011.12.21

I compressed the last 2 charts of Crude Oil and today's chart in order to follow the action price according to the analysis posted this week.

Bottom line is that the main bullish target in the $97.60 area was achieved yesterday and the $94.30 - $94.80 support zone proved to be the key zone I was watching closely since last week.

The past 2 analysis can be found (explained) here:
Monday, dec. 19:
Tuesday, dec. 20: