Crude Oil : Looks bullish. Personally i think crude oil has broken its march resistance at 106usd per barrel.
Dow Jones : Is at resistance. Ive completed an analysis on dow jones. The long term direction of dow looks clearer than the short term.
This is the elliott wave analysis of the dow jones. However in malaysia elliott wave is not that glamour, maybe not yet. For viewers who has no clue bout elliott wave can refer to this link. http://en.wikipedia.org/wiki/Elliott_Wave_Principle
There are smaller and bigger cycles in elliott wave. Marked in blue are smaller ones and in black are bigger ones. I am expecting Dow Jones to trade within a trading range in between the red lines(in the chart). In the long term, which is beyond the above chart, im expecting it to go higher! haha. Inflation inflate inflation! Ayam already rm9 a kilo whattt
One day i will write a post on Elliott Wave Theory with klse example. Happy trading for tomorrow peeps!
