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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Thursday, January 26, 2012

OMV Petrom (SNP) Technical Analysis 2012.01.26

The buy signal gave on Monday ( above the support zone of 0.2950-0.3000 RON is still active and the good evolution of yesterday got the price closer to the target.

The target zone is between the 0.3240 and 0.3400 RON levels and today’s most probable target is the lower border, at 0.3240 RON. Look for an eventual reversal pattern in the resistance/target zone.   

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