Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel exposed, the price requests a further bigger move as a signal of a breakdown.
An ascending channel identifies a bearish price move when price breaks through the support.
There is a chance of a bearish move towards 60 on a breakdown of the ascending channel.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that a descending channel is very close to being finished, the price breaks out now.
Once price breaks out to the the upside, the resulting move could spot a breakout higher.
Crude-oil to maintain its positive tone towards the 58.8 mark.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
We can see that a descending channel arises and the price is ready to break out.
When price breaks above resistance, the resulting move could spot a breakout higher.
Brent-oil violates bearish trendline to 62.5 as the mood may improve.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel is discovered, platinum needs a bigger bearish action to confirm ascending channel breakdown.
In case if price breaks out, the resulting move could indicate an interruption of an uptrend.
Platinum turns lower towards the 1670 level on a downside break.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel coming out, silver calls for a further bigger move as proof of a breakout.
An ascending channel signals a break in the price direction when price collapses through the support line.
There is a chance of corrective downside towards 60 as upside pressure alleviates.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge is discovered and the price is breaking out.
A rising wedge typically indicates an extension in the downward direction in case if price breakdown occurs.
Gold to experience further corrective weakness towards 4200 while lower than 4212.
RECTANGLE
Brent Oil
UKOIL
4H
It seems like a rectangle is close to being completed, the price is close to breaking out now.
A rectangle typically results in a bearish price action if price breaks through the support.
Brent-oil to fall to 61.5.
RECTANGLE
Crude Oil
USOIL
4H
A rectangle occurs.
A rectangle is said to depict a chart signal that is used to predict a bearish move in case if price collapses through the support line.
Corrective downside towards the 58 zone is about to happen as risk reversal sheds bullish bias.
PENNANT
Platinum
XPT/USD
4H
It looks like a pennant is close to being done, the price requests a next strong impulse up as evidence of a breakout.
Once price breaks out, the move could identify an extension in the upward direction.
It is likely that a further bullish price action towards the 1680 zone will form.
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