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DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle developing and platinum demands a next active bullish impulse as an indication of a breakout.
A descending triangle results in that the price to go long in case if price breaks out to the the upside.
Platinum to move upward to 1660.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel identified, the price asks for a bit more consolidation to confirm descending channel breakout.
A descending channel is a reliable pattern that is angled down that typically spots a change in price direction in case if price breaks out.
It is possible that a bullish price action towards 63.4 will take place as the wind continues blowing in favor of the commodity.
SYMMETRICAL TRIANGLE
Brent Oil
UKOIL
1H
There is a symmetrical triangle taking place and the price is ready to break out now.
If price breaks through the resistance, the move could signal a next move up.
A bullish run towards 63.2 is going to happen on a breakout of the symmetrical triangle as the mood may improve.
ASCENDING CHANNEL
Silver
XAG/USD
4H
It looks like an ascending channel is very close to being completed.
An ascending channel typically predicts a move down once price breaks below support.
Silver to experience further corrective weakness towards 56 as silver failes to keep gains.
PENNANT
Brent Oil
UKOIL
4H
As we can see a pennant is close to being complete and brent-oil expects a more steady impulse up as a signal of a breakout.
A pennant can be thought of as a technical bullish price action signal that can be used to predict that the price to go long in case if price breaks out to the the upside.
A rangebound to 63.5 is likely as downside pressure alleviates.
PENNANT
Crude Oil
USOIL
1H
It seems like a pennant arises and the price expects a steady impulse up as an information of a breakout.
In case if price breaks through the resistance, the resulting move could signal an extension in the upward direction.
It is not ruled out that a further bullish run to the 59.6 mark will take place.
FALLING WEDGE
Gold
XAU/USD
1H
We can see that a falling wedge is close to being finished.
A falling wedge is a useful price action signal that typically indicates a bullish price move when price breaks out to the the upside.
Gold aims to complete a retracement to 4200.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
4H
There is a symmetrical triangle arising.
A symmetrical triangle provides a reliable signal that is used to predict a next move up if price breaks through the resistance.
It is not ruled out that a bullish push up towards 60 will occur once above 59.4 as outlook for crude-oil stays positive.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle is discovered.
In case if price breaks out to the the downside, the move could spot the bulls have run out of steam.
Crude-oil set to lose more ground to 59 on a breach of 59.2.
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