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ASCENDING CHANNEL
Brent Oil
UKOIL
4H
There is an ascending channel identified, the price expects a next active move as a sign of a breakout.
An ascending channel predicts extending an downtrend if price breakdown occurs.
It is likely that extra downside to the 100 zone will be made on a downside break.
RISING WEDGE
Brent Oil
UKOIL
1H
A rising wedge comes out, brent-oil asks for a next steady move as a verification of a breakdown.
When price collapses through the support line, the move could signal a move down.
Brent-oil to extend the correction lower towards the 103 level on a breach of 104.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
There is a symmetrical triangle encountered and the price is breaking out.
A symmetrical triangle typically indicates prices are likely to keep falling downward when price collapses through the support line.
It is not ruled out that a rangebound towards 74.5 will take place on a breach of 74.9 as risk reversal sheds bullish bias.
ASCENDING TRIANGLE
Brent Oil
UKOIL
1H
An ascending triangle has been detected.
An ascending triangle suggests a specific bullish price action formation that often signals a bullish price move once price breaks out to the the upside.
Brent-oil opens door for a move towards 103 on a breakout of the ascending triangle.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle is close to being complete and the price is ready to break out soon.
When price collapses through the support line, the resulting move could identify extending an downtrend.
Platinum is at risk of extending its slump towards the 1980 mark.
PENNANT
Crude Oil
USOIL
1H
There is a pennant occuring.
A pennant typically results in that the price will rally further once price breaks out.
Crude-oil to maintain its positive tone towards 97 on a upside break.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like an ascending triangle is close to being finished, the price expects a more bearish move as a clue of a breakout.
Once price breakdown occurs, the resulting move could indicate a bearish move.
Gold set to fall towards 4680 on a breakout of the ascending triangle as the commodity challenges 4690 hurdle.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
The price creates an ascending triangle, the price requests a more steady move as an information of a breakdown.
An ascending triangle often identifies extending an downtrend if price collapses through the support line.
There is a probability of a rangebound to 75.
PENNANT
Brent Oil
UKOIL
1H
As we can see the price sets up a pennant and the price is ready to break out soon.
A pennant typically predicts a further move up if price breaks through the resistance.
Brent-oil to grind higher to the 104 level.
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