Open:
High:
Low:
Close:
RECTANGLE
Platinum
XPT/USD
4H
There is a rectangle materializing and platinum wants a further move as a verification of a breakout.
A rectangle often predicts extending an uptrend in case if price breaks above resistance.
A further bullish move towards 2040 is not ruled out on a breach of 2030.
ASCENDING TRIANGLE
Silver
XAG/USD
4H
There is an ascending triangle developing and silver requests an impulse up as a signal of a breakout.
When price breaks through the resistance, the move could signal an extension in the upward direction.
Silver to enjoy a considerable gain towards the 78 mark.
RECTANGLE
Gold
XAU/USD
1H
It seems like gold gives a rectangle, the price is ready to break out.
A rectangle can be thought of as a technical bullish price indicator that is used to signal that prices are likely to keep rallying upward if price breaks above resistance.
It is not ruled out that a bullish run towards 4600 will take place on a breach of 4595.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel is almost done, the price requires more steady rise as an indication of a breakout.
A descending channel denotes a technical signal that results in an extension in the upward direction in case if price breaks out.
A move towards the 74.5 zone is possible on a upside break as outlook for silver stays positive.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It looks like a descending triangle is close to being done, the price demands a steady move for the certainty of breakout.
A descending triangle results in that the price to go up if price breaks out.
It is not ruled out that a bullish push up towards 4650 will be made.
PENNANT
Crude Oil
USOIL
4H
Crude-oil creates a pennant, crude-oil calls for a further steady bearish move for the certainty of breakout.
When price breaks out, the move could indicate an extension in the downward direction.
Crude-oil points to the downside towards 95 as the commodity looks offered.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
Crude-oil shows a descending triangle and crude-oil requests a more steady move as an indication of a breakdown.
A descending triangle is said to depict a specific bearish chart signal that typically signals prices are likely to keep falling downward when price breaks below support.
Crude-oil pulls back towards 98 on a break below 100.5.
RECTANGLE
Brent Oil
UKOIL
1H
A rectangle is discovered, brent-oil requires a next steady correction to confirm rectangle breakdown.
A rectangle is considered to be a technical chart formation that often predicts a move down when price breaks out.
There is a probability of a bearish run towards 109.
ASCENDING CHANNEL
Brent Oil
UKOIL
4H
An ascending channel has been exposed and the price is going to break out.
An ascending channel provides a specific signal that can be used to identify the bulls have run out of steam when price breakdown occurs.
Corrective downside towards the 105 level is probable as the mood may get worse.
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