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.
Friday, December 23, 2011
Thursday, December 22, 2011
See here wednesday, dec. 21 post: http://markettechnicalview.blogspot.com/2011/12/sp-500-technical-analysis-20111221.html
Wednesday, December 21, 2011
There is a strong support in the $1,220-1,230 area that concerns the 50.00% and the 61.8% retracement levels and also previous lows and highs. An eventual reverse in this area will activate the 1,266 target for the long side.
I am not saying that this is must, all I am saying is that one should pay attention to the price action in this area in order to spot a good trade.
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: http://markettechnicalview.blogspot.com/2011/12/crude-oil-wti-technical-analysis_19.html
Tuesday, dec. 20: http://markettechnicalview.blogspot.com/2011/12/crude-oil-wti-technical-analysis_20.html
Tuesday, December 20, 2011