Wave Analysis 27.08.2014 (DJIA Index, Crude Oil)

August 27, 2014

Article By RoboForex.com

Analysis for August 27th, 2014

DJIA Index

It looks like bulls’ energy is nearly over and an impulse structure of wave (A) may complete soon. Possibly, before this trading week finishes Index may start a new correction, which may continue for quite a long time.

Crude Oil

In case of Oil, bears decided to take a break, which can be seen at the chart in the form of a long flat pattern. Later the market is expected to continue falling inside wave [3] and form another bearish impulse, during which the price may reach several new lows.

RoboForex Analytical Department

Article By RoboForex.com

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

 

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