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, February 9, 2012

Crude Oil (WTI) Technical Analysis 2012.02.09

WTI Crude Oil is trading today under the $100.00 resistance level, which represents the key level for the next days.

The $98.00 support zone seems strong enough for the moment and the Greek Agreement signed today could push the oil prices above $100.00 today.

On the mid-term a bearish channel has formed and an eventual break above its upper border (T1 line) will signal further bullishness. 

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