Analysis for October 3rd, 2012
It looks like the Index is still forming diagonal triangle
pattern inside wave (5) of 
. The market is again testing the pattern’s lower border. If the price rebounds from the current levels, the instrument will start moving upwards and break a local maximum.
As we can see at the H1 chart, wave 2
has been completed with diagonal triangle
pattern inside wave [C]
. The price has formed an ascending impulse inside wave [A]
. In the near term, the instrument is expected to start growing up and form wave  of 3
Right now the bulls aren’t strong enough to make the price move upwards. We may assume that at the moment Oil is forming an initial impulse inside wave 
. My stop that was moved into the black worked yesterday, so I’ve opened one more buy order.
More detailed wave structure is shown on the H1 chart. Wave 2
is taking the form of flat
pattern and may be completed very soon. Earlier Oil formed an ascending impulse inside wave (1)
. During the day the instrument is expected to start moving upwards and form wave (3) of 
RoboForex Analytical Department