Analysis for October 15th, 2012
We may assume that the Index completed forming wave 
in the form of zigzag
pattern. On the minor wave level the price is starting to form an initial ascending impulse. We can’t exclude a possibility that one of these days the market may break a local maximum while forming wave (1)
As we can see at the H1 chart, wave (C)
was completed with diagonal triangle
pattern inside the fifth wave. During Monday or Tuesday the price may form an initial ascending impulse inside wave (1).
If the price moves as we expect it to, I’ll open one more buy order during a correction.
It looks like Oil is still forming an initial impulse inside wave 
. Earlier the price finished zigzag
pattern inside wave 2.
Most likely, the instrument will continue moving upwards during Monday. The target for the next several days is at the level of $94.5 per barrel of Light Sweet.
We may assume that Oil formed wave (4)
inside an ascending wedge
pattern. The bulls are trying to rebound from the pattern’s lower border. During Monday we can expect Oil to start moving upwards and form wave (5) of 
RoboForex Analytical Department