Open:
High:
Low:
Close:
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like a descending channel turns up and the price asks for a bit more consolidation as an information of a breakout.
When price breaks out, the resulting move could predict a further move up.
There is a chance of a bullish run towards 66 on a breach of 65 as bulls looking for upside correction.
RECTANGLE
Gold
XAU/USD
4H
A rectangle is almost completed.
If price breaks out to the the downside, the move could identify that the price to go down.
There is a possibility of a bearish run to the 4150 level.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
There is a descending channel turning up and the price is breaking out.
A descending channel suggests a specific bullish chart signal that is used to predict a countertrend succeeding the current trend when price breaks through the resistance.
Crude-oil could attempt a move to the 80 mark as the commodity loses bearish momentum.
FALLING WEDGE
Brent Oil
UKOIL
1H
A falling wedge has been exposed.
If price breaks through the resistance, the resulting move could indicate a break in the price direction.
Brent-oil turns bullish towards the 79 mark on impulse above 78.4.
FALLING WEDGE
Crude Oil
USOIL
1H
There is a falling wedge uncovered.
A falling wedge can be thought of as a compelling chart indicator that results in that the price to go long in case if price breaks through the resistance.
A rangebound to 75 looks likely on a breach of 74.5.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
The price sets up a descending channel and the price requires an active bullish action to confirm descending channel breakout.
A descending channel spots a change in price direction once price breaks out to the the upside.
Crude-oil to strengthen to 80 as the commodity probes 74 hurdle.
ASCENDING CHANNEL
Silver
XAG/USD
4H
The price creates an ascending channel, the price is ready to break out soon.
In case if price breaks out to the the downside, the move could spot a bearish move.
Silver challenges a move to the 64 level on a breach of 66.5.
DESCENDING CHANNEL
Brent Oil
UKOIL
4H
A descending channel appears and the price is about to break out soon.
A descending channel typically spots the more likely potential of rising prices when price breaks out.
A move to the 80 level is a possibility.
RECTANGLE
Crude Oil
USOIL
1H
A rectangle has been exposed and the price demands a bigger move for clear breakdown confirmation.
If price breaks out, the resulting move could spot a sharp decline.
It is likely that a rangebound towards the 73 zone will form on impulse below 73.6.
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