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, January 27, 2012

OMV Petrom (SNP) Technical Analysis 2012.01.27

OMV Petrom share price reached in the last session the target zone set in Monday analysis (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-omv-petrom-snp-20120123.html).
The price can encounter a bear pressure at this level but, due to the strong sentiment and rising potential, the upper limit of the resistance zone (0.3400 RON) is now in focus.


Posted by Adrian Filip at 10:10 AM
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