{"id":50412,"date":"2014-05-02T06:57:20","date_gmt":"2014-05-02T10:57:20","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50412"},"modified":"2014-05-02T06:57:20","modified_gmt":"2014-05-02T10:57:20","slug":"wave-analysis-02-05-2014-djia-index-crude-oil","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/02\/wave-analysis-02-05-2014-djia-index-crude-oil\/","title":{"rendered":"Wave Analysis 02.05.2014 (DJIA Index, Crude Oil)"},"content":{"rendered":"<p><strong>Article By <a href=\"http:\/\/RoboForex.com\" target=\"_blank\"><span style=\"text-decoration: underline;\">RoboForex.com<\/span><\/a><\/strong><\/p>\n<h2>Analysis for May 2<sup>nd<\/sup>, 2014<\/p>\n<p>DJIA Index<\/h2>\n<p>Index is still moving close to its historic maximums. Earlier, after completing <em>double three<\/em> pattern inside wave <strong>[2]<\/strong>, Index formed initial impulse inside wave <strong>[1]<\/strong>. Possibly, market has already completed correction inside the second wave and may continue moving upwards.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 490px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/02\/djiaw1.png\" alt=\"\" \/><\/p>\n<p>As we can see at the H1 chart, Index finished <em>zigzag<\/em> pattern inside wave <strong>(2)<\/strong>. On minor wave level, price formed bullish impulse inside wave <strong>1<\/strong>. In the near term, instrument is expected to move upwards and form <em>extension<\/em> inside wave <strong>3<\/strong>.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 490px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/02\/djiaw2.png\" alt=\"\" \/><\/p>\n<h2>Crude Oil<\/h2>\n<p>Oil continues falling down inside the third wave. Earlier price formed bearish impulse inside wave <strong>1<\/strong> and then completed wave <strong>2<\/strong>. In the near term, instrument is expected to continue falling down and break minimum of the first wave.<\/p>\n<p><img decoding=\"async\" style=\"width: 551px; height: 476px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/02\/crude1.png\" alt=\"\" \/><\/p>\n<p>More detailed wave structure is shown on H1 chart. After finishing <em>double zigzag<\/em> pattern inside wave <strong>2<\/strong>, Oil formed descending impulse inside wave <strong>[1]<\/strong>. It looks like right now instrument is forming <em>extension<\/em> inside wave <strong>[3]<\/strong>. Price may reach new minimum during the day.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 478px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/02\/crude2.png\" alt=\"\" \/><\/p>\n<p><strong>RoboForex Analytical Department<\/strong><\/p>\n<p><strong>Article By <a href=\"http:\/\/RoboForex.com\" target=\"_blank\"><span style=\"text-decoration: underline;\">RoboForex.com<\/span><\/a><\/strong><\/p>\n<p><strong>Attention!<\/strong><br \/>\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article By RoboForex.com Analysis for May 2nd, 2014 DJIA Index Index is still moving close to its historic maximums. Earlier, after completing double three pattern inside wave [2], Index formed initial impulse inside wave [1]. Possibly, market has already completed correction inside the second wave and may continue moving upwards. As we can see at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/02\/wave-analysis-02-05-2014-djia-index-crude-oil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wave Analysis 02.05.2014 (DJIA Index, Crude Oil)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50412","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=50412"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}