Analysis for September 18th, 2012
Djia Index is still moving inside a bullish trend. It looks like the price is forming an ascending impulse in wave 
with the fifth wave inside it. The current chart structure may yet be changed, so in the nearest future we can expect the instrument to continue growing up.
As we can see at the H1 chart, the price is forming an extension
in wave 3
. On the minor wave level the Index has finished the fourth wave. In the near term, the instrument may start growing up and form wave  of 3
We may assume that a fast descending movement the price made yesterday is the fourth wave. Oil is currently moving near the channel’s lower border. We can’t exclude a possibility that the price may start moving upwards again in the nearest future. The target is above the level of $102 p/b.
More detailed wave structure is shown on the H1 chart. Wave  of 3
has been completed in the form of diagonal triangle
pattern. Wave 4
may also have been already finished, in the form of zigzag
pattern. During the day we can expect the price to continue growing up slowly and form wave