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Crude Oil: Rectangle

USOIL, 1 day    LONG May 28
There is a rectangle spotted, the price is breaking out. A rectangle often indicates that the price to go up when price breaks out. There is a chance of a bullish push up towards 70 while above 67 as outlook for the commodity stays positive.

Brent Oil: Rectangle

UKOIL, 1 day    LONG Jun 3
A rectangle is close to being completed. Once price breaks out to the the upside, the move could signal a move up. It is not ruled out that a bullish run to the 72 zone will happen.

Platinum: Descending Channel

XPT/USD, 1 hour    LONG 40 hours ago
The price creates a descending channel, the price requires a more move as an information of a breakout. When price breaks through the resistance, the move could predict that the price to go long. It is possible that a rangebound towards the 1100 level will occur.

Platinum: Rectangle

XPT/USD, 1 day    SHORT Jun 4
We can see that the price builds a rectangle. A rectangle depicts a useful chart formation that is used to spot a move down in case if price collapses through the support line. It is possible that extra downside to the 1120 mark will be made.

Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT 6 days ago
As we can see an ascending triangle is close to being finished, XAU/USD wants a strong move to confirm ascending triangle breakdown. An ascending triangle is a technical indicator that often identifies a sharp decline if price breaks below support. XAU/USD to maintain its negative tone to the 1845 level as door open for the continuation of the downtrend.

Brent Oil: Descending Triangle

UKOIL, 4 hours    LONG 38 hours ago
We can see that a descending triangle emerges. A descending triangle often indicates a trend change to the upside if price breaks through the resistance. A rangebound towards 75 is possible on a breach of 74.2 as door open for the continuation of the uptrend.

Silver: Bearish Flag

XAG/USD, 1 day    SHORT Jun 4
We can see that a bearish flag is nearing completion, XAG/USD asks for a further bearish impulse as a sign of a breakdown. A bearish flag denotes a specific price signal that typically indicates that the price to go down when price breaks below support. XAG/USD to experience further corrective weakness towards the 26 mark while lower than 27.5.

Gold: Rising Wedge

XAU/USD, 1 day    SHORT Jun 4
A rising wedge turns up, XAU/USD requests a next active move for the certainty of breakout. A rising wedge represents a useful price formation that identifies an extension in the downward direction in case if price breakdown occurs. There is a possibility of extra downside towards 1800 on a breakout of the rising wedge.

Platinum: Rising Wedge

XPT/USD, 4 hours    SHORT Jun 16
It seems like a rising wedge is detected. A rising wedge often results in a tendency to break in the opposite direction in case if price breakdown occurs. XPT/USD set to extend its decline to the 1130 mark on a breach of 1145 as XPT/USD sticks to the negative mood.

Silver: Rectangle

XAG/USD, 4 hours    SHORT 6 days ago
We can see that a rectangle has been found. A rectangle suggests a useful bearish price indicator that often identifies a bearish price move in case if price breaks through the support. A bearish continuation towards 27.2 looks probable.

Platinum: Descending Triangle

XPT/USD, 1 hour    SHORT 6 days ago
As we can see a descending triangle arises. In case if price breaks below support, the resulting move could identify a bearish price move. XPT/USD risks a correction to 1135 while lower than 1144.

Gold: Pennant

XAU/USD, 1 hour    LONG May 3
We can see that a pennant is close to being finished and the price requires a further bullish move for clear breakout confirmation. Once price breaks out to the the upside, the move could identify an extension in the upward direction. There is a probability of a bullish move towards 1772 amid rising bets for the move.
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