Article By RoboForex.com
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.
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
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