Open:
High:
Low:
Close:
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel is almost done, platinum calls for a steady move as an information of a breakdown.
An ascending channel predicts reversals in uptrends if price breaks down.
Platinum pulls back to 2800.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is exposed and the price is going to break out.
An ascending channel depicts a bearish price pattern that has an upward slope that indicates a bearish price action when price collapses through the support line.
There is a probability of a bearish move towards the 5050 mark.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel occurs and the price breaks out soon.
An ascending channel is considered to be a useful bearish signal that can be used to identify the bulls have run out of steam if price breaks down.
Platinum set to fall to the 2700 zone as the commodity nears 2820 hurdle.
RISING WEDGE
Crude Oil
USOIL
1H
A rising wedge arises, crude-oil requires next fall for the certainty of breakdown.
A rising wedge often predicts a bearish price move if price breaks out to the the downside.
It is possible that extra downside to 60.5 will form as risk reversal sheds bullish bias.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
It seems like the price completes an ascending channel, the price is going to break out now.
An ascending channel predicts a break during an uptrending market in case if price breaks through the support.
Brent-oil tests a move towards 64.5.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It seems like an ascending channel takes place.
An ascending channel typically indicates the bulls have run out of steam when price collapses through the support line.
Extra downside towards the 61 level is probable.
RECTANGLE
Crude Oil
USOIL
1D
The price forms a rectangle and crude-oil lacks a move as an information of a breakout.
A rectangle predicts a bullish price action in case if price breaks through the resistance.
There is a probability of a bullish move towards 64 on a upside break.
DESCENDING TRIANGLE
Brent Oil
UKOIL
4H
A descending triangle is diagnosed and the price is ready to break out now.
If price breaks through the resistance, the move could predict a next move up.
There is a possibility of a rangebound towards the 65.5 level on impulse above 65.2.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel observed, the price requires a next bullish continuation for the certainty of breakout.
A descending channel often indicates a bullish move in case if price breaks out.
It is likely that a further bullish continuation to 65 will happen on impulse above 64.6 as uptrend may continue.
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.