{"id":50525,"date":"2014-05-06T05:11:30","date_gmt":"2014-05-06T09:11:30","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50525"},"modified":"2014-05-06T05:11:30","modified_gmt":"2014-05-06T09:11:30","slug":"wave-analysis-06-05-2014-djia-index-crude-oil","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/06\/wave-analysis-06-05-2014-djia-index-crude-oil\/","title":{"rendered":"Wave Analysis 06.05.2014 (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 6<sup>th<\/sup>, 2014<\/p>\n<p>DJIA Index<\/h2>\n<p>It looks like price is starting new ascending movement. Probably, right now Index is forming <em>extension<\/em> inside wave <strong>(3)<\/strong>. Earlier, after completing <em>double three<\/em> pattern inside wave <strong>[2]<\/strong>, Index formed initial bullish impulse inside wave <strong>(1)<\/strong>. In the near term, market is expected to reach new historic maximum.<\/p>\n<p><img decoding=\"async\" style=\"width: 548px; height: 491px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/06\/djiaw1.png\" alt=\"\" \/><\/p>\n<p>As we can see at the H1 chart, after finishing <em>zigzag<\/em> pattern inside wave <strong>(2)<\/strong>, Index completed <em>wedge <\/em>pattern inside the first wave. Most likely, in the nearest future market may continue moving upwards inside the third wave.<\/p>\n<p><img decoding=\"async\" style=\"width: 547px; height: 490px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/06\/djiaw2.png\" alt=\"\" \/><\/p>\n<h2>Crude Oil<\/h2>\n<p>Oil continues falling down. Probably, earlier price formed bearish impulse inside wave <strong>1<\/strong>. Most likely, in the nearest future instrument may start falling down again inside the third wave and break previous minimum.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 475px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/06\/crude1.png\" alt=\"\" \/><\/p>\n<p>More detailed wave structure is shown on H1 chart. Probably, yesterday price completed wave <strong>(2)<\/strong> and then formed initial descending impulse inside the third one. During Tuesday, instrument is expected to complete local correction and break yesterday\u2019s minimum.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 480px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/06\/crude2.png\" alt=\"\" \/><\/p>\n<p><strong>RoboForex Analytical Department<\/strong><\/p>\n<p>&nbsp;<\/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 6th, 2014 DJIA Index It looks like price is starting new ascending movement. Probably, right now Index is forming extension inside wave (3). Earlier, after completing double three pattern inside wave [2], Index formed initial bullish impulse inside wave (1). In the near term, market is expected to reach &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/06\/wave-analysis-06-05-2014-djia-index-crude-oil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wave Analysis 06.05.2014 (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-50525","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50525","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=50525"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50525\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}