Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel coming out and the price breaks out soon.
A descending channel suggests a useful formation that is used to spot a bullish move if price breaks out to the the upside.
There is a possibility of a rangebound towards 2160 on a breach of 2135.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
Gold completes a descending triangle.
A descending triangle provides a compelling bullish price action indicator that typically results in that the price to go long in case if price breaks out to the the upside.
Gold to continue the appreciation trend towards the 4820 zone as outlook for gold stays positive.
RECTANGLE
Brent Oil
UKOIL
4H
There is a rectangle forming, the price is about to break out soon.
A rectangle represents a specific indicator that typically indicates a bearish price action if price breakdown occurs.
It is not ruled out that a move to 92 will take place.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that an ascending triangle is found, the price expects a steady move as a sign of a breakdown.
When price collapses through the support line, the resulting move could indicate a sharp decline.
Crude-oil risks further downside towards 89 on a breakout of the ascending triangle.
FALLING WEDGE
Silver
XAG/USD
1H
There is a falling wedge observed.
A falling wedge can be thought of as a pattern that is used to indicate price heading to a new direction if price breaks through the resistance.
Silver hints a change to the upside towards 79.5 on impulse above 79.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
It seems like an ascending channel is very close to being finished.
An ascending channel tends to be a bearish indicator that is used to signal an interruption of an uptrend in case if price breaks out to the the downside.
It is likely that a bearish continuation to 96 will happen as weakness continues.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle is very close to being completed, platinum demands a next strong correction to confirm rectangle breakout.
Once price collapses through the support line, the resulting move could identify a bearish price action.
Platinum to resume its downfall to the 2080 zone on impulse below 2090.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle developing and silver requires a steady impulse down as a sign of a breakout.
A rectangle identifies a further move down when price breaks below support.
There is a chance of a bearish run towards the 78 mark on a downside break.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel observed.
A descending channel typically results in a next move up in case if price breaks through the resistance.
It is not ruled out that a bullish move towards the 92 zone will take place.
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