Analysis for November 23rd, 2012
It looks like the Index is finishing zigzag
pattern inside wave 
. Earlier the price formed a descending wedge
pattern inside the first wave. Most likely, the instrument will finish a corrective movement in the nearest future, then make a reverse and start falling down inside 
As we can see at the H1 chart, the Index is completing a bullish impulse inside wave (C)
. The market may grow up a bit during Friday, but later the instrument is expected to start a new descending movement.
We may assume that the price finished wave (2)
. At the moment Oil is forming first waves inside a new descending wave (3)
. After a little pause, the instrument is expected to start a new descending movement.
At the H1 chart we can see that wave 1
was completed a bit reduced. Earlier wave 2
was finished in the form of zigzag
pattern. During Friday Oil is expected to start an ascending movement, which later may turn into wave 3
RoboForex Analytical Department