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ToolsPartnersAbout usWave Analysis 28.08.2014 (DJIA Index, Crude Oil)
28.08.2014Analysis for August 28th, 2014
It looks like Index is about to complete an ascending impulse inside wave (A). The price may yet reach a new high, but a new correction may start quite soon. Right now, it’s early to say how deep this correction will be, but after it the market may start forming another ascending wave.
DJIA Index
Crude Oil
Oil is still consolidating inside the main downtrend. It looks like right now the price is extending bearish wave [3] of 3. Possibly, the market may reach a new low until the end of this trading week.
RoboForex Analytical DepartmentAttention!Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.