Open:
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Close:
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
There is a symmetrical triangle diagnosed, the price is ready to break out.
A symmetrical triangle typically predicts a bearish move if price breaks out.
There is a probability of corrective downside to 82 as silver failes to keep gains.
RECTANGLE
Brent Oil
UKOIL
1H
A rectangle is determined and brent-oil lacks a further active move as an indication of a breakdown.
A rectangle is said to depict a technical formation that often identifies a further move down in case if price breaks through the support.
Brent-oil to extend its slide towards 68.5 as the commodity is at a brink of a bearish breakout.
PENNANT
Platinum
XPT/USD
1H
It seems like a pennant arises and the price breaks out now.
A pennant identifies a technical bullish pattern that often results in a bullish move if price breaks above resistance.
There is a probability of a bullish price action to the 2140 level on a break above 2120.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is encountered, the price is going to break out.
An ascending channel depicts a technical bearish price action formation that can be used to identify an extension in the downward direction in case if price breaks through the support.
Gold challenges a move towards 5060 once below 5070 as weakness continues.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel turns up and the price is about to break out.
An ascending channel often indicates a further move down in case if price breaks below support.
It is possible that a rangebound towards 64.5 will be made on a breach of 64.8.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
As we can see an ascending triangle occurs and the price is ready to break out.
Once price breaks through the support, the resulting move could signal the bulls have run out of steam.
It is not ruled out that a rangebound to 2100 will form as the commodity becomes capped.
RISING WEDGE
Brent Oil
UKOIL
4H
It seems like a rising wedge is nearing completion and brent-oil expects a further active move for clear breakdown confirmation.
When price breakdown occurs, the move could indicate an extension in the downward direction.
A move to the 69 mark is possible on a breach of 69.6.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It seems like an ascending channel is noticed.
An ascending channel typically indicates a move down if price breakdown occurs.
Crude-oil could attempt a move to 64.5 as bears look for entries.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is very close to being finished, platinum requests a more active correction to confirm a breakdown.
An ascending channel is a compelling indicator that can be used to spot that the price to go short if price breaks out.
It is likely that a rangebound towards 2100 will occur on a breakout of the ascending channel.
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