Open:
High:
Low:
Close:
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Feb 21
As we can see a descending channel develops.
When price breaks above resistance, the resulting move could predict a move up.
There is a chance of a rangebound towards 83.5 as UKOIL nears 82.9 hurdle.
Silver: Rectangle
XAG/USD,
1 hour
LONG
Oct 20
There is a rectangle materializing and the price breaks out.
A rectangle tends to be a bullish price pattern that spots a sharp rise if price breaks through the resistance.
A bullish price action to 23.3 is on the cards.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
May 30
There is an ascending triangle materializing, the price breaks out now.
Once price breaks through the support, the move could spot the more likely potential of falling prices.
It is not ruled out that a bearish price action towards 72 will occur as the commodity nears 72.5 hurdle.
Brent Oil: Descending Channel
UKOIL,
4 hours
LONG
Jul 5
There is a descending channel occuring and the price is close to breaking out.
If price breaks out to the the upside, the resulting move could signal a temporary interruption during a falling market.
It is not ruled out that a further bullish run towards 77 will occur as UKOIL nears 76.4 hurdle.
Gold: Ascending Triangle
XAU/USD,
1 hour
SHORT
Jan 5
An ascending triangle has been distinguished.
An ascending triangle denotes a pattern that typically signals a next move down if price breaks down.
Decline towards the 2050 zone is not ruled out on a breakout of the ascending triangle.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 28
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Jan 11
There is a descending channel forming.
A descending channel denotes a pattern that is angled down that often identifies a change in the prevailing trend in case if price breaks out.
A further bullish run towards 78.5 looks possible while above 78.3.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 24
It seems like the price sets up a descending channel and the price is close to breaking out.
A descending channel provides a pattern that has a downward slope that typically indicates that the price to go long if price breaks above resistance.
XAG/USD to extend its rebound towards 23.9 as XAG/USD loses bearish momentum.
Platinum: Descending Triangle
XPT/USD,
4 hours
LONG
Feb 15
We can see that a descending triangle is identified.
A descending triangle identifies a technical chart pattern that can be used to indicate that prices are likely to keep rallying upward in case if price breaks through the resistance.
XPT/USD to increase bullish potential to the 910 mark on a breakout of the descending triangle.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Mar 22
There is a falling wedge exposed and the price is about to break out.
A falling wedge is a specific bullish chart formation with a downward bias that is used to signal a next move up when price breaks out.
It is not ruled out that a bullish run to 22.6 will be made.
Brent Oil: Rectangle
UKOIL,
1 hour
SHORT
May 30
It seems like a rectangle has been found, the price lacks more fall as a verification of a breakout.
A rectangle identifies a next move down once price breakdown occurs.
There is a probability of a rangebound towards 76.2 on a downside break.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jul 5
There is an ascending channel forming.
An ascending channel can be thought of as a reliable price action formation that often results in that prices move counter to the prevailing price trend when price breakdown occurs.
There is a possibility of a bearish continuation towards 1930 as bears look for entries.