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Commodities

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Gold: Rectangle

XAU/USD, 1 hour    SHORT 2 days ago
There is a rectangle poping up. A rectangle depicts a useful signal that typically indicates an extension in the downward direction when price breakdown occurs. XAU/USD to turn bearish towards the 1836 zone.

Silver: Falling Wedge

XAG/USD, 1 day    LONG Dec 24
There is a falling wedge happening, the price is ready to break out. A falling wedge depicts a useful bullish price signal that predicts an interruption of a downtrend if price breaks through the resistance. There is a probability of a bullish continuation to the 24 level as XAG/USD resumes the upside.

Brent Oil: Bullish Flag

UKOIL, 1 day    LONG Dec 30
We can see that the price forms a bullish flag, the price is going to break out. A bullish flag typically identifies a move up in case if price breaks out to the the upside. A bullish run towards 85 is likely as door open for the continuation of the uptrend.

Silver: Ascending Channel

XAG/USD, 1 hour    SHORT 2 days ago
There is an ascending channel occuring and the price is going to break out now. An ascending channel depicts a reliable price action signal that often identifies a bearish price action in case if price breakdown occurs. XAG/USD dives out bullish trendline towards 24.3 on a downside break as the commodity nears 24.42 hurdle.

Crude Oil: Pennant

USOIL, 1 day    LONG Jan 5
There is a pennant appearing. A pennant often indicates that prices are likely to keep rallying upward if price breaks above resistance. There is a probability of a further bullish run to the 80 mark on a breach of 77 as USOIL sticks to the positive mood.

Crude Oil: Ascending Channel

USOIL, 1 hour    SHORT 4 days ago
There is an ascending channel diagnosed, the price is close to breaking out now. An ascending channel tends to be a compelling bearish pattern that typically signals price heading to a new direction in case if price breaks down. USOIL to extend its slide to 85 on a breach of 85.6 as USOIL sticks to the negative mood.

Crude Oil: Ascending Channel

USOIL, 1 hour    SHORT 4 days ago
There is an ascending channel spotted and the price calls for more strong fall as a signal of a breakout. In case if price collapses through the support line, the resulting move could spot a bearish price action. It is possible that corrective downside towards the 85 level will form.

Silver: Descending Triangle

XAG/USD, 1 day    LONG Jan 13
XAG/USD creates a descending triangle, the price is going to break out now. A descending triangle suggests a technical bullish price action indicator that can be used to signal that the price will rally further if price breaks out to the the upside. XAG/USD challenges a move to the 24 level.

Platinum: Bullish Flag

XPT/USD, 1 hour    LONG 5 days ago
We can see that a bullish flag is close to being completed, the price asks for a next bullish impulse as an information of a breakout. A bullish flag is believed to be a price indicator that results in an interruption of a downtrend if price breaks through the resistance. XPT/USD to move up towards the 980 mark as indicators turn bullish.

Platinum: Bullish Flag

XPT/USD, 1 hour    LONG 5 days ago
There is a bullish flag materializing and the price is going to break out. A bullish flag depicts a reliable bullish price action formation that has a downward slope that can be used to identify extending an uptrend in case if price breaks above resistance. A move to the 985 zone is a possibility.

Silver: Ascending Channel

XAG/USD, 1 hour    SHORT 2 days ago
We can see that the price gives an ascending channel, the price is going to break out now. An ascending channel often results in an interruption of an uptrend when price breaks down. XAG/USD violates bullish trendline to 24.2.

Gold: Pennant

XAU/USD, 1 day    LONG Jan 13
It seems like a pennant is almost finished and the price is ready to break out. If price breaks through the resistance, the move could predict an extension in the upward direction. It is not ruled out that a bullish continuation towards 1840 will form.
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