Open:
High:
Low:
Close:
PENNANT
Crude Oil
USOIL
1H
A pennant is almost done, crude-oil expects next active pullback to confirm a breakdown.
A pennant predicts extending an downtrend if price collapses through the support line.
It is possible that a bearish continuation to 94 will happen.
SYMMETRICAL TRIANGLE
Brent Oil
UKOIL
1H
A symmetrical triangle is very close to being finished, the price is close to breaking out soon.
A symmetrical triangle is believed to be a compelling price action formation that can be used to predict a bearish move if price breakdown occurs.
Brent-oil to maintain its negative tone towards the 98 mark.
BULLISH FLAG
Platinum
XPT/USD
1H
There is a bullish flag emerging, the price is ready to break out.
A bullish flag describes a useful price action signal that can be used to predict a change in price direction when price breaks through the resistance.
It is possible that a bullish continuation towards the 2080 level will take place on a break above 2065.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge revealed and crude-oil expects a more active move as evidence of a breakout.
A rising wedge is said to depict a reliable price signal that typically predicts an upward trend is about to reverse into an downward trend in case if price breakdown occurs.
Crude-oil to accomodate to 92.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge emerging.
If price breaks through the resistance, the move could signal a change in price direction.
A bullish price action to the 4740 mark is about to happen as indicators favor bulls.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
The price sets up a symmetrical triangle.
A symmetrical triangle is a chart indicator that can be used to signal that the price to go long once price breaks through the resistance.
Crude-oil looks north to the 98 mark while above 96.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is very close to being finished.
An ascending channel predicts that the price to go short once price breaks through the support.
Silver to nosedive to the 78 mark on a breakout of the ascending channel as silver failes to keep gains.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It seems like the price composes an ascending channel, the price needs a next strong impulse down as proof of a breakdown.
An ascending channel typically indicates that the price to go short once price collapses through the support line.
Gold to continue lower towards 4700 as the commodity is at a brink of a bearish breakout.
BULLISH FLAG
Crude Oil
USOIL
1H
As we can see the price establishes a bullish flag.
A bullish flag results in a bullish price move once price breaks out.
A bullish continuation towards the 100 mark is likely on a breach of 95.
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