Analysis for September 28th, 2012
We may assume that the price continues forming diagonal triangle
pattern inside wave (5) of 
. In the near term, the Index is expected to start moving upwards again. Later the bulls may reach the levels of 13700-13800, and then the instrument may start a corrective movement.
At the H1 chart wave 2
has been completed in the form of zigzag
pattern. It looks like the price has started to form the third wave. The Index may break a local maximum by the middle of the next week.
We can’t exclude a possibility that the correction has been already finished and wave 2
has taken the form of zigzag
pattern. On the minor wave level Oil is forming an initial wave 
. In the near term, we can expect the price to continue growing up.
As we can see at the H1 chart, wave [C] of 2
turned out to be quite short. At the moment Oil is finishing wave (1).
After the instrument finishes a corrective movement, the price is expected to start growing up inside wave (3) of