Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
4H
There is a descending channel occuring.
A descending channel typically results in that the price to go long when price breaks above resistance.
There is a possibility of a bullish continuation towards the 1650 level.
FALLING WEDGE
Brent Oil
UKOIL
1H
Brent-oil develops a falling wedge.
A falling wedge provides a specific pattern that is angled down that can be used to predict a bullish move once price breaks out.
It is possible that a further bullish move towards the 74 mark will take place as brent-oil is at a brink of a bullish breakout.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel is observed.
A descending channel typically identifies that the price will rally further in case if price breaks out to the the upside.
It is possible that a bullish push up to 1600 will happen.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
Crude-oil sets up a descending channel, the price is going to break out.
A descending channel can be thought of as a bullish price pattern with a downward bias that is used to identify a change in the prevailing trend if price breaks out to the the upside.
Crude-oil to head towards the 70 mark on a breach of 69.4.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel takes place, the price is breaking out.
A descending channel depicts a useful chart indicator that can be used to predict a next move up when price breaks out.
A bullish continuation towards the 4050 level looks possible.
SYMMETRICAL TRIANGLE
Platinum
XPT/USD
1H
There is a symmetrical triangle detected, the price is close to breaking out soon.
A symmetrical triangle suggests a specific chart signal that is used to predict that the price to go short in case if price breaks out to the the downside.
A bearish continuation to the 1630 level looks possible.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It looks like a descending channel forms and the price requires a next steady move as a clue of a breakout.
A descending channel is said to depict a specific bullish price signal that is used to predict a bullish price action when price breaks above resistance.
Silver to recover bullish potential to the 62 level on a breach of 61.6.
FALLING WEDGE
Platinum
XPT/USD
4H
As we can see a falling wedge has been diagnosed, platinum requests a move for the certainty of breakout.
A falling wedge can be thought of as a useful bullish signal that often identifies a break during a downtrending market in case if price breaks through the resistance.
Platinum to strengthen to the 1700 mark.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It seems like the price sets up a descending channel.
A descending channel is a compelling indicator that often spots a bullish move if price breaks above resistance.
It is not ruled out that a bullish price action to the 4160 mark will occur once above 4150 as bulls seeking a new high.
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