Open:
High:
Low:
Close:
RECTANGLE
Silver
XAG/USD
1H
A rectangle has been uncovered, the price is breaking out.
If price breaks out to the the upside, the move could identify an extension in the upward direction.
A move to the 59.5 mark is about to happen.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
As we can see an ascending triangle is close to completion.
If price breaks above resistance, the move could identify the more likely potential of rising prices.
A bullish run to the 1650 zone looks likely on a break above 1645 as the wind continues blowing in favor of the commodity.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It seems like a descending triangle is close to being complete, gold requests more rise for the certainty of breakout.
When price breaks above resistance, the move could indicate extending an uptrend.
There is a chance of a move to the 4140 mark.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
As we can see an ascending triangle is discovered and the price requires a steady move as a sign of a breakdown.
An ascending triangle typically predicts that the price to go down once price breaks out.
Crude-oil to increase bearish potential to 83 on a breakout of the ascending triangle as the commodity becomes capped.
PENNANT
Platinum
XPT/USD
4H
There is a pennant uncovered and the price lacks a more move for the certainty of breakout.
When price breaks out to the the upside, the move could spot that prices are likely to keep rallying upward.
It is possible that a bullish run towards the 1640 zone will be made amid rising bets for the move.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel appearing.
An ascending channel describes a technical chart indicator that predicts a move down in case if price breaks through the support.
There is a chance of a further move towards 89 while below 90.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like an ascending channel is almost done.
If price breaks out, the move could identify that the price to go down.
Platinum set to extend its decline to 1590 as indicators favor bears.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel encountered.
An ascending channel can be thought of as a useful bearish indicator that can be used to indicate a further move down when price breaks out.
Silver risks further downside to 57 as upside pressure mitigates.
RISING WEDGE
Brent Oil
UKOIL
1H
There is a rising wedge materializing and brent-oil expects a more correction as an indication of a breakout.
A rising wedge represents a chart signal that is used to identify a next move down when price breakdown occurs.
There is a chance of a move to the 88 mark on a break below 90.
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