Analysis for October 9th, 2012
The price continues forming diagonal triangle
pattern inside wave (5) of 
. We can’t exclude a possibility that one of these days the Index may break a local maximum. The short-term target for the bulls remains at the level of 13700.
As we can see at the H1 chart, the price is forming wave [C] of 3.
Earlier the instrument formed wave [B]
near the lower border of diagonal triangle
pattern. During Tuesday we can expect the Index to continue growing up.
It looks like the price has finished zigzag
pattern inside wave 2
. On the minor wave level the instrument is forming an ascending impulse inside wave 
. The target for the next several days is at the level of $95 per barrel of Light Sweet.
Yesterday Oil completed wave (2)
and started forming the third one. We can’t exclude a possibility that the price may break the maximum of wave (1)
during Tuesday. I’ll move the stop on buy order into the black as soon as possible.
RoboForex Analytical Department