Open:
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RISING WEDGE
Brent Oil
UKOIL
1H
The price builds a rising wedge, the price is ready to break out.
In case if price breaks out to the the downside, the resulting move could predict that the price to go down.
Brent-oil to extend the fall towards 73 on a downside break.
BEARISH FLAG
Gold
XAU/USD
1H
A bearish flag is nearing completion, gold wants a more move as an indication of a breakdown.
A bearish flag is said to depict a useful bearish price indicator that often indicates that the price to go down if price breaks down.
Gold does not rule out a move to 3980 as outlook for the commodity stays negative.
BEARISH FLAG
Platinum
XPT/USD
1H
As we can see a bearish flag is close to completion and the price is breaking out.
Once price breaks out, the move could predict an extension in the downward direction.
Further decline to the 1560 mark is likely to happen.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle has been determined, the price is about to break out.
An ascending triangle is a technical price formation that is used to predict a bearish price move in case if price breaks through the support.
There is a chance of a rangebound to 57 as the commodity becomes capped.
FALLING WEDGE
Crude Oil
USOIL
4H
It looks like a falling wedge materializes, the price is about to break out.
A falling wedge tends to be a specific bullish pattern that identifies a further move up when price breaks through the resistance.
Crude-oil turns bullish towards the 72 mark as crude-oil nears 71.5 hurdle.
FALLING WEDGE
Brent Oil
UKOIL
4H
It looks like brent-oil establishes a falling wedge, the price is breaking out.
A falling wedge suggests a technical price formation that typically predicts a downward trend is nearing its end if price breaks above resistance.
Brent-oil to recover bullish potential to 76.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel happening, the price is ready to break out.
A descending channel tends to be a bullish price action indicator that often identifies a change in the prevailing trend once price breaks above resistance.
A bullish push up towards the 72 mark is on the cards as bulls lurking in demand zone.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like a descending channel has been recognized and the price needs an active move as a clue of a breakout.
A descending channel typically spots a next move up if price breaks out to the the upside.
A bullish move towards 60 stays on the cards on a breach of 59 as the commodity is at a brink of a bullish breakout.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
A descending channel has been noticed, the price is breaking out.
When price breaks through the resistance, the move could spot the more likely potential of rising prices.
It is likely that a bullish push up to 75 will happen.
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