Open:
High:
Low:
Close:
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel identified, the price demands a more active move as an information of a breakout.
In case if price breaks through the resistance, the move could predict a pause in a downtrending market.
Brent-oil to turn bullish towards the 62 level as minor hurdle remains at 61.8.
BEARISH FLAG
Platinum
XPT/USD
1H
There is a bearish flag developing.
A bearish flag describes a specific chart signal that spots a bearish price move when price breaks out to the the downside.
A bearish move to the 1700 mark looks likely.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel taking place, the price is ready to break out now.
An ascending channel can be thought of as a bearish price indicator that is used to indicate a temporary interruption during a rising market in case if price collapses through the support line.
There is a probability of a bearish price action to 63 on a breakout of the ascending channel.
FALLING WEDGE
Crude Oil
USOIL
1H
We can see that a falling wedge is close to being done and the price requests an active move to confirm a breakout.
A falling wedge identifies a technical formation that predicts a countertrend succeeding the current trend once price breaks through the resistance.
It is likely that a bullish continuation towards the 58.5 mark will be made as crude-oil probes 58.1 hurdle.
FALLING WEDGE
Brent Oil
UKOIL
1H
There is a falling wedge taking place and the price breaks out now.
If price breaks through the resistance, the move could spot a next move up.
Brent-oil to peak towards 62.5 on a breakout of the falling wedge.
PENNANT
Crude Oil
USOIL
1D
There is a pennant developing.
In case if price breakdown occurs, the move could identify prices are likely to keep falling downward.
A bearish push down towards the 57 level is on the way on a downside break.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
There is a descending channel forming.
A descending channel depicts a reliable chart signal that typically results in a bullish price action once price breaks above resistance.
Platinum tests a move towards 1720 as weakness seen overdone.
PENNANT
Brent Oil
UKOIL
1H
We can see that a pennant emerges and brent-oil calls for a steady move as a sign of a breakout.
A pennant often predicts a bearish price action once price breaks out.
It is likely that a bearish run to 61 will happen.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle poping up, the price demands next push up as a signal of a breakout.
A descending triangle suggests a useful bullish chart pattern that spots the bears have run out of steam in case if price breaks out to the the upside.
Platinum to move upward to 1690.
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