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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Monday, February 6, 2012

BET-FI Technical Analysis 2012.02.06

The BET-FI Index broke the 22.700-23.000 resistance area last week due to the optimistic sentiment in the market and good reports from U.S.A.

The 22.700-23.000 area became thus the first support area which, if will be broken, it will create the broader correction perspective. The next resistance area is given by the 24.500-25.000 levels and the investors behavior close to it will indicate the short-term  or even mid-term market direction.  

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