Open:
High:
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Close:
FALLING WEDGE
Brent Oil
UKOIL
1H
There is a falling wedge taking place and the price breaks out now.
If price breaks through the resistance, the move could spot a next move up.
Brent-oil to peak towards 62.5 on a breakout of the falling wedge.
PENNANT
Crude Oil
USOIL
1D
There is a pennant developing.
In case if price breakdown occurs, the move could identify prices are likely to keep falling downward.
A bearish push down towards the 57 level is on the way on a downside break.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
There is a descending channel forming.
A descending channel depicts a reliable chart signal that typically results in a bullish price action once price breaks above resistance.
Platinum tests a move towards 1720 as weakness seen overdone.
PENNANT
Brent Oil
UKOIL
1H
We can see that a pennant emerges and brent-oil calls for a steady move as a sign of a breakout.
A pennant often predicts a bearish price action once price breaks out.
It is likely that a bearish run to 61 will happen.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle poping up, the price demands next push up as a signal of a breakout.
A descending triangle suggests a useful bullish chart pattern that spots the bears have run out of steam in case if price breaks out to the the upside.
Platinum to move upward to 1690.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel pops up and gold demands further steady pullback for clear breakout confirmation.
An ascending channel is said to depict a useful bearish signal that signals a bearish price move once price collapses through the support line.
It is possible that a bearish push down to the 4200 zone will take place.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel detected.
An ascending channel is said to depict a compelling bearish pattern that is used to identify an upward trend is nearing its end in case if price breaks below support.
It is possible that corrective downside to 61 will happen.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like an ascending channel is diagnosed and crude-oil demands a next bigger bearish action as proof of a breakdown.
An ascending channel is a technical formation with an upward bias that is used to predict the bulls have run out of steam if price breaks through the support.
A bearish push down to 58 is about to happen.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel arising, brent-oil requires a bigger correction as an information of a breakdown.
An ascending channel can be thought of as a useful price action pattern that is angled up that is used to signal a move down if price breaks down.
Brent-oil set to accelerate its decline to 61 on a break below 61.4.
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