Analysis for June 5th, 2013
It looks like the Index is finishing the fourth wave; earlier the price formed an extension
inside the third one. We can’t exclude a possibility that during the next several days the instrument may break historic maximum while forming wave  of 3
More detailed wave structure is shown on the H1 chart. Wave  is taking the form of zigzag pattern. On the minor wave level, the Index completed wave (C) in the form of diagonal triangle
pattern. After formation of an initial ascending impulse, I opened a buy order with the stop near the minimum of the fourth wave.
Oil is trying to start a new ascending movement. We may assume that the second wave was completed in the form of zigzag
pattern, and right now, on the minor wave level, the price may is forming a bullish impulse. If this assumption is correct, then the instrument may continue growing up inside wave 
during the day.
As we can see at the H1 chart, wave 2
was completed in the form of zigzag
pattern with triangle
inside wave [B]
. Currently Oil is forming wedge
pattern inside wave 
with the fourth wave inside it. During the next several hours, the price is expected to start growing up inside wave (5) of 
RoboForex Analytical Department