Open:
High:
Low:
Close:
RECTANGLE
Brent Oil
UKOIL
1D
There is a rectangle revealed, the price requires a further strong move to confirm a breakout.
A rectangle indicates the more likely potential of rising prices if price breaks out to the the upside.
Brent-oil to look for a further push towards 65 on a breakout of the rectangle.
RISING WEDGE
Gold
XAU/USD
1H
There is a rising wedge identified and the price is close to breaking out soon.
A rising wedge can be thought of as a technical indicator that typically identifies a further move down when price breaks out to the the downside.
Gold could extend its slump to the 4580 level.
BULLISH RECTANGLE
Silver
XAG/USD
1H
A bullish rectangle turns up.
A bullish rectangle identifies a bullish price move once price breaks out.
There is a possibility of a bullish push up towards the 86.5 mark on a breach of 86.2 as uptrend may continue.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
As we can see a descending triangle materializes.
A descending triangle typically spots extending an uptrend when price breaks through the resistance.
A bullish continuation to 2400 stays on the cards on a breakout of the descending triangle.
PENNANT
Gold
XAU/USD
1H
There is a pennant uncovered.
A pennant signals a bullish price action when price breaks out.
Gold looks ready to further extend its gains to the 4600 mark on impulse above 4595.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
A descending triangle is almost done.
A descending triangle often signals a sharp rise once price breaks above resistance.
Platinum to extend its advance to the 2340 zone.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel forms and the price needs a next bigger move as evidence of a breakout.
An ascending channel predicts a further move down if price breaks below support.
There is a possibility of a bearish price action to 4560.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
There is a symmetrical triangle developing and the price is breaking out.
A symmetrical triangle denotes a specific price action indicator that is used to indicate a bullish price action in case if price breaks through the resistance.
Crude-oil now looks to 59.5 once beyond 59.2 as indicators turn bullish.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is found, the price lacks a bigger impulse down as an information of a breakout.
An ascending channel provides a specific price signal that is used to spot that prices move counter to the prevailing price trend once price breaks down.
Platinum set to accelerate its decline towards the 2300 zone as the commodity challenges 2330 hurdle.
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