Open:
High:
Low:
Close:
PENNANT
Brent Oil
UKOIL
1H
We can see that a pennant is revealed, the price is close to breaking out now.
A pennant typically identifies a bullish price move if price breaks above resistance.
Brent-oil looks ready to further extend its gains towards 94.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
There is an ascending triangle encountered and the price requires a bigger move for the certainty of breakout.
An ascending triangle is a useful bullish indicator that often spots a bullish move in case if price breaks out.
Crude-oil advances higher towards the 91 zone once above 90.2.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel distinguished.
A descending channel represents a technical bullish price action indicator that identifies that the price will rally further if price breaks above resistance.
Platinum to push up to 1700 on impulse above 1690.
DESCENDING CHANNEL
Silver
XAG/USD
1H
Silver establishes a descending channel, the price calls for a next active move as a clue of a breakout.
A descending channel is believed to be a pattern that is used to spot a next move up in case if price breaks through the resistance.
There is a possibility of a bullish run towards the 65 zone on impulse above 64.4 as bulls look for entries.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
As we can see a descending channel is nearing completion and the price is close to breaking out soon.
When price breaks out to the the upside, the resulting move could predict a bullish move.
Crude-oil pushes higher to 89 once above 88.4 as the commodity becomes bullish.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel emerging and the price is breaking out.
A descending channel suggests a useful price action indicator that can be used to predict a bullish price move if price breaks above resistance.
Brent-oil to continue higher to 93 on a breach of 92.2 as bulls looking for profit.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel occuring, crude-oil wants an active bullish action as a verification of a breakout.
A descending channel describes a bullish chart pattern that can be used to predict an extension in the upward direction if price breaks through the resistance.
Crude-oil is bullish and en route towards 90.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel emerging and the price is close to breaking out soon.
If price breaks out, the resulting move could identify a bullish price action.
Brent-oil to move upward towards the 93 zone as the commodity sticks to the positive mood.
BEARISH RECTANGLE
Platinum
XPT/USD
1H
A bearish rectangle is almost completed, platinum lacks more bigger pullback as evidence of a breakout.
A bearish rectangle denotes a bearish formation that typically results in a move down when price breaks down.
Platinum pulls back to 1750.
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