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ASCENDING TRIANGLE
Gold
XAU/USD
4H
An ascending triangle is very close to being completed and the price is going to break out now.
An ascending triangle often predicts an extension in the upward direction in case if price breaks out to the the upside.
Gold to push up to 4460 on a breach of 4445 as downside pressure alleviates.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
A symmetrical triangle has been noticed and the price is breaking out.
A symmetrical triangle can be thought of as a specific bullish chart signal that is used to predict an extension in the upward direction when price breaks out.
Crude-oil to push up to 85.5 once above 85 as bulls looking for profit.
DESCENDING CHANNEL
Silver
XAG/USD
1H
The price gives a descending channel, the price is breaking out.
When price breaks out to the the upside, the resulting move could spot a temporary interruption during a falling market.
A bullish move towards the 64 mark is likely on a breach of 63.2.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel determined, gold lacks a more strong impulse up to confirm a breakout.
A descending channel often results in extending an uptrend if price breaks out.
Gold tests a move to 4400.
RISING WEDGE
Brent Oil
UKOIL
1H
We can see that a rising wedge arises, brent-oil requires a more active move as a sign of a breakout.
A rising wedge often indicates a further move down once price breaks out.
There is a possibility of a move towards 91 as outlook for brent-oil stays negative.
BULLISH FLAG
Platinum
XPT/USD
1H
There is a bullish flag emerging, the price is breaking out.
A bullish flag results in a countertrend succeeding the current trend if price breaks out to the the upside.
Platinum to strengthen to the 1740 zone as platinum challenges 1725 hurdle.
PENNANT
Crude Oil
USOIL
1H
A pennant has been encountered and the price asks for push up as an indication of a breakout.
A pennant is a useful bullish signal that identifies that the price will rally further in case if price breaks through the resistance.
Crude-oil tests a move towards the 86 mark on impulse above 84.8 as the commodity probes 84.8 hurdle.
RECTANGLE
Brent Oil
UKOIL
4H
It seems like the price creates a rectangle.
A rectangle identifies a chart signal that is used to indicate the bears have run out of steam when price breaks out.
Brent-oil to push up towards 92 while above 91.6 as there is a chance for a upside correction.
RECTANGLE
Silver
XAG/USD
4H
As we can see a rectangle turns up.
A rectangle is believed to be a technical bearish price action formation that predicts the more likely potential of falling prices once price collapses through the support line.
Silver opens door for a move towards the 63.5 level while lower than 63.6 as silver becomes depressed.
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