Article By RoboForex.com
DJIA Index
Index is still forming diagonal triangle pattern inside wave 5 of (A). Earlier, the rice completed a long extension inside the third wave. Possibly, during the day the market may reach a new high and then start a new correction.
Crude Oil
It looks like Oil is about to finish an ascending zigzag pattern [4] with triangle pattern (B) inside it. In the near term, the price is expected to rebound from the upper border of the descending channel. In this case, bears will return to the market.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s 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.
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