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.

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Thursday, February 16, 2012

OMV Petrom (SNP) Technical Analysis 2012.02.16

The target given in the analysis from 13 February (http://www.goldring.ro/omv-petrom-(snp)-analiza-tehnica.html ) was reached during the Tuesday’s session and the support from the 0.3650 level (Fibonacci 50%) was broke in the previous session.

Further, on short term, a correction with support in 0.3300-0.3440 RON area is probably. To establish the daily resistance it can be consider the highs of previous sessions.

February volumes down support a correction in the next period.


Posted by Adrian Filip at 3:44 PM
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