Analysis for June 12th, 2013
After completing the fourth wave, the Index formed an initial ascending impulse. Right now, a local correction is taking place. Most likely, the instrument will start growing up again inside wave (3)
during the next several days.
More detailed wave structure is shown on the H1 chart. Wave 
took the form of zigzag
pattern and then the instrument finished a bullish impulse. It looks like the price is finishing zigzag
pattern inside the second wave right now and may soon start moving upwards inside the third one.
The price formed two initial ascending impulses. At the moment, Oil is completing wave 
. In the near term, the instrument may start a new ascending movement inside the third wave.
As we can see at the H1 chart, the price is finishing zigzag
pattern inside wave 
. On the minor wave level, the instrument completed an initial impulse inside wave (1)
. During the day, Oil may start moving upwards inside wave (3)
RoboForex Analytical Department