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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Friday, February 17, 2012

DJI Index technical analysis

The Dow Jones Industrial Average Index is trading within a range for more than two weeks now and the eventual break in each direction will provide the market direction on the very short term.

The main support zone is between the $12,750 and $12,800 while the resistance level is in the $12,900 area.

On the medium term the market is evolving within a bullish channel and its borders represent support and resistance for the price.  

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