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, January 18, 2012

Crude Oil (WTI) Technical Analysis 2012.01.18

Crude Oil (WTI) price action is confirming the bullish scenario posted on Monday ( ).

The first target is set in the $103.00 area, but pullbacks can occur. The buy signal is still in place and the first support is at $99.50 level.

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