Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel occurs, the price lacks a next strong move to confirm a breakdown.
When price breaks through the support, the resulting move could indicate a trend change to the downside.
There is a possibility of a bearish continuation to the 59 level while below 59.5.
ASCENDING TRIANGLE
Crude Oil
USOIL
4H
There is an ascending triangle taking place, the price is breaking out.
In case if price breaks out, the resulting move could indicate that the price to go short.
Crude-oil to slump to 59 as bears looking for downside correction.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel has been identified and the price needs a further active move for the certainty of breakout.
A descending channel predicts a breakout higher once price breaks out to the the upside.
A bullish move towards 95 looks possible.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel has been identified and silver wants a next bigger move as a signal of a breakout.
When price breaks out to the the upside, the move could indicate a change in price direction.
It is possible that a bullish push up towards 94 will occur on a breach of 93.4.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel taking place, the price is ready to break out soon.
An ascending channel typically spots a bearish price move if price breaks below support.
There is a possibility of corrective downside towards the 2400 zone on a breach of 2460 as upside pressure alleviates.
RISING WEDGE
Silver
XAG/USD
4H
A rising wedge happens and the price asks for bigger push down as a verification of a breakout.
A rising wedge denotes a compelling price action pattern that has an upward slope that can be used to signal a bearish price action when price breakdown occurs.
It is not ruled out that a bearish run towards the 92 level will take place as the commodity becomes depressed.
RECTANGLE
Brent Oil
UKOIL
1H
It seems like a rectangle has been distinguished, the price is going to break out.
A rectangle typically predicts a bullish price move in case if price breaks above resistance.
Brent-oil pushes higher to the 65.5 zone on a breakout of the rectangle as the commodity loses bearish momentum.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
A descending triangle is very close to being completed and the price is about to break out soon.
If price breaks through the support, the move could identify a bearish price move.
A bearish continuation to 93.5 stays on the cards on a breach of 93.8 as bears looking for downside correction.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
It seems like an ascending triangle is nearing completion and the price is going to break out now.
Once price breaks out to the the upside, the move could predict a move up.
A bullish move towards 61 is going to happen as there is room for a upside correction.
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