Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel is determined.
An ascending channel is said to depict a specific bearish formation that can be used to spot reversals in uptrends when price collapses through the support line.
Crude-oil could attempt a move towards the 82 level on impulse below 83.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
An ascending channel has been spotted and brent-oil calls for a more correction as an information of a breakout.
An ascending channel is believed to be a specific bearish indicator that typically identifies an upward trend is about to reverse into an downward trend when price breaks out.
It is possible that a move to 86 will form on a breach of 87.5.
ASCENDING CHANNEL
Gold
XAU/USD
1H
We can see that an ascending channel materializes, the price is breaking out.
An ascending channel identifies a compelling bearish price action signal that often signals a change in price direction if price breaks out.
Gold is at risk of resuming its decline to the 4380 level on a breakout of the ascending channel.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is very close to being completed and the price is ready to break out.
An ascending channel tends to be a compelling indicator that often results in a next move down if price breaks down.
Silver risks further decline to the 64.5 level.
RECTANGLE
Platinum
XPT/USD
1H
It looks like a rectangle has been exposed.
When price breaks out, the resulting move could identify a further move up.
There is a probability of a rangebound towards 1780 on a upside break as the commodity becomes bullish.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel forming.
A descending channel provides a specific bullish price action pattern with a downward bias that is used to identify a pause in a downtrending market once price breaks out.
There is a probability of a bullish price action to the 1770 mark on a breach of 1760.
RECTANGLE
Crude Oil
USOIL
4H
We can see that a rectangle emerges, the price lacks a further strong move as a verification of a breakout.
A rectangle describes a useful bullish indicator that is used to identify that the price to go up in case if price breaks out.
Crude-oil to jump towards the 84 mark once above 82.5.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
An ascending triangle is found, gold wants a next move for clear breakout confirmation.
An ascending triangle suggests a useful bullish pattern that identifies the more likely potential of rising prices if price breaks out.
It is not ruled out that a bullish run towards 4400 will take place on a breach of 4390.
BULLISH RECTANGLE
Silver
XAG/USD
1H
There is a bullish rectangle emerging.
A bullish rectangle is said to depict a bullish chart indicator that can be used to identify the more likely potential of rising prices if price breaks out to the the upside.
Silver turns higher towards the 65.5 zone once above 65.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.