Open:
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FALLING WEDGE
Brent Oil
UKOIL
1H
It seems like the price creates a falling wedge, the price is ready to break out soon.
A falling wedge represents a specific price action pattern that typically spots price heading to a new direction when price breaks above resistance.
Brent-oil dives out bearish trendline to 93.
FALLING WEDGE
Crude Oil
USOIL
1H
There is a falling wedge coming out, crude-oil demands next push up as a signal of a breakout.
A falling wedge suggests a compelling price action formation that can be used to indicate a downward trend is about to reverse into an upnward trend when price breaks through the resistance.
Crude-oil to surge considerably towards 88.
DESCENDING CHANNEL
Gold
XAU/USD
4H
A descending channel has been exposed, the price lacks a bigger bullish move as a signal of a breakout.
A descending channel indicates reversals in downtrends if price breaks through the resistance.
Gold to head to 4600 as the commodity is at a brink of a bullish breakout.
DESCENDING TRIANGLE
Brent Oil
UKOIL
1H
A descending triangle takes place, the price wants a further move as an indication of a breakdown.
A descending triangle is considered to be a bearish formation that often identifies an extension in the downward direction once price breaks through the support.
It is not ruled out that extra downside to 91 will form on a downside break.
RECTANGLE
Brent Oil
UKOIL
1H
There is a rectangle determined.
A rectangle is believed to be a specific bearish indicator that often spots a sharp decline when price breaks through the support.
Brent-oil to extend the fall towards 92 while below 92.4.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel taking place.
A descending channel typically identifies extending an uptrend in case if price breaks out.
It is likely that a bullish move towards 1920 will form on a upside break as platinum becomes bid.
DESCENDING CHANNEL
Gold
XAU/USD
4H
As we can see a descending channel is diagnosed.
A descending channel signals a bullish move once price breaks above resistance.
Gold to continue higher to the 4550 mark on a breach of 4520.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle has been uncovered.
An ascending triangle represents a reliable bearish chart pattern that can be used to signal a bearish price move when price breakdown occurs.
Crude-oil to resume its downfall to 90 as crude-oil sticks to the negative mood.
FALLING WEDGE
Silver
XAG/USD
4H
A falling wedge is close to being complete and the price demands an active move as evidence of a breakout.
When price breaks through the resistance, the resulting move could predict a move up.
There is a probability of a move towards the 77 zone.
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