Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1D
An ascending channel pops up, the price is breaking out.
If price collapses through the support line, the move could predict the bulls have run out of steam.
Crude-oil risks suffer setback to the 85 mark.
FALLING WEDGE
Brent Oil
UKOIL
1H
There is a falling wedge encountered.
A falling wedge identifies a price action indicator that results in a next move up when price breaks above resistance.
Brent-oil to grind higher to the 97 mark once above 95.8.
ASCENDING CHANNEL
Brent Oil
UKOIL
1D
As we can see an ascending channel is close to being completed, brent-oil lacks a next strong impulse down as an indication of a breakout.
An ascending channel is a reliable signal that can be used to indicate a next move down once price breaks out.
There is a possibility of decline to 95 on a breakout of the ascending channel.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel developing, platinum wants strong rise as a clue of a breakout.
A descending channel is considered to be a specific price signal that can be used to spot a further move up in case if price breaks out to the the upside.
A further bullish push up to 1720 looks possible.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel turns up.
A descending channel identifies a bullish indicator that predicts a move up once price breaks out to the the upside.
There is a probability of a bullish run to the 61.6 level.
BEARISH RECTANGLE
Brent Oil
UKOIL
1H
There is a bearish rectangle detected.
A bearish rectangle indicates an extension in the downward direction when price breaks through the support.
There is a possibility of a further move to 96.
FALLING WEDGE
Silver
XAG/USD
1H
We can see that the price sets up a falling wedge.
A falling wedge can be thought of as a bullish signal that can be used to spot a bullish price action if price breaks above resistance.
A rangebound to the 62 zone is likely on a breakout of the falling wedge.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like an ascending channel has been detected, crude-oil expects a bigger move for the certainty of breakdown.
If price breaks below support, the move could signal that the price to go short.
Crude-oil does not rule out a move towards 92 on a breakout of the ascending channel as crude-oil keeps the bid tone.
RISING WEDGE
Crude Oil
USOIL
4H
A rising wedge is encountered and the price is ready to break out.
A rising wedge predicts a bearish price move once price breakdown occurs.
Crude-oil to extend the correction lower to 92 on a breach of 93 as upside pressure seen easing.
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