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BEARISH FLAG
Silver
XAG/USD
1D
A bearish flag is close to being done and the price needs a further impulse down as proof of a breakout.
A bearish flag is believed to be a reliable pattern that typically identifies a next move down in case if price breakdown occurs.
Silver points to the downside to 75.
RECTANGLE
Silver
XAG/USD
1H
A rectangle happens.
In case if price collapses through the support line, the resulting move could spot a bearish price move.
Silver risks a move to the 78 level as silver becomes weak.
ASCENDING CHANNEL
Silver
XAG/USD
1H
As we can see an ascending channel is very close to being completed.
An ascending channel denotes a specific bearish signal that can be used to predict that the price to go down if price breaks down.
It is not ruled out that extra downside to 80 will form.
BEARISH FLAG
Crude Oil
USOIL
4H
It seems like a bearish flag has been noticed and crude-oil asks for a bearish impulse as an indication of a breakdown.
A bearish flag is believed to be a price pattern that can be used to identify extending an downtrend once price collapses through the support line.
It is likely that a move towards the 90 level will form.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
It looks like a descending channel materializes.
If price breaks out, the resulting move could signal a move up.
Platinum points to the upside towards 2200.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel has been detected, the price is breaking out.
An ascending channel is considered to be a useful bearish indicator that often indicates that the price to go down once price breaks out.
Extra downside to the 2120 mark is not ruled out.
RISING WEDGE
Gold
XAU/USD
1H
We can see that a rising wedge is identified.
A rising wedge identifies a specific indicator that can be used to indicate prices are likely to keep falling downward once price breaks below support.
A move towards the 5000 level is likely to happen as the commodity becomes vulnerable.
RECTANGLE
Brent Oil
UKOIL
1H
A rectangle occurs, the price is about to break out soon.
A rectangle identifies a move up when price breaks out.
Brent-oil risks a move towards the 106 zone on a breach of 103.5 amid brent-oil reclaims part of the ground lost.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold creates a descending channel, gold wants a next steady move to confirm descending channel breakout.
Once price breaks out to the the upside, the move could predict a breakout higher.
There is a possibility of a rangebound to the 5040 level on a breakout of the descending channel.
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