Crude Oil (WTI) is forming its wave b of 4.
The current down trend is the mini wave 3 of iii of b. Hopefully wave b can end around US$36.00.
Dow (18,123)
Dow appeared to have completed its wave c of ii with 5 mini waves, unless wave c has 9 mini waves. I expect Dow to move higher to form its sub-wave iii.
FBMKLCI (1,652)
As I have explained in my previous posting, I have revised my wave count for KLCI based on the wave form of the Industrial Index.
KLCI is currently forming the last wave c of its major wave 4 that has an a-b-c-X-a-b-c formation.
Currently it is at its sub-wave iii of c of 4. Hopefully it can stop at 1,600 level.
Felda Global Ventures Holding Bhd (Rm 2.25)
Can FGV move above Rm 2.30 to start its mini wave 3 of v ? I am keeping my fingers crossed.
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