Analysis for April 3rd, 2013
The current wave structure implies that the instrument stopped moving upwards inside wave  of 5
. However, one is not recommended to open any sell orders until the price forms a clear descending impulse. That’s why I’m waiting for a good moment and right now staying out of the market.
As we can see at the H1 chart, the price finished diagonal triangle
pattern. If the price rebounds from the pattern’s upper border, the Index will start a correction. However, if the price breaks the border, we will have to reconsider the wave structure.
Oil continues moving upwards. We may assume that yesterday the price finished wave 
. Most likely, in the nearest future the instrument will start growing up inside the third wave. Expecting this to happen, I opened a new buy order with the tight stop.
More detailed wave structure is shown on the H1 chart. Wave 
was finished in the form of zigzag
pattern. On the minor wave level the price completed an initial impulse inside wave (1)
. After a local correction Oil is expected to start a new ascending movement inside the third wave.
RoboForex Analytical Department