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Crude Oil: Ascending Triangle
USOIL,
1 day
SHORT
Oct 2
There is an ascending triangle detected, the price is ready to break out soon.
If price breakdown occurs, the move could predict a further move down.
Crude-oil to suffer further downside towards 61 as there is room for a downside correction.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Oct 21
A descending channel is nearing completion, the price is about to break out now.
Once price breaks out, the resulting move could identify the bears have run out of steam.
Brent-oil to jump towards 61.2 as uptrend may continue.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jun 7
It seems like an ascending channel is almost done and XAU/USD demands a further steady bearish impulse for clear breakout confirmation.
An ascending channel is considered to be a useful price action formation that identifies that the price to go down when price breaks through the support.
It is possible that a bearish move towards 1976 will form.
Platinum: Descending Channel
XPT/USD,
1 day
LONG
Nov 22
It seems like XPT/USD completes a descending channel, XPT/USD expects further steady rise as an information of a breakout.
A descending channel typically indicates a trend change to the upside if price breaks above resistance.
XPT/USD to move upward towards the 960 level as indicators turn bullish.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Oct 21
There is a descending channel determined, brent-oil calls for a further move as an indication of a breakout.
A descending channel typically identifies a bullish move in case if price breaks out.
Brent-oil turns bullish to the 61 level.
Brent Oil: Ascending Triangle
UKOIL,
1 hour
LONG
Mar 31
There is an ascending triangle discovered, UKOIL wants a bullish impulse as an indication of a breakout.
An ascending triangle identifies a technical bullish chart pattern that is used to spot a further move up when price breaks out to the the upside.
A bullish run towards 80 is about to happen on a breach of 79.4.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Oct 17
An ascending channel has been detected, the price is close to breaking out soon.
An ascending channel provides a specific bearish chart indicator that is used to indicate a next move down in case if price breaks below support.
A rangebound towards the 1700 mark is on the cards.
Crude Oil: Descending Channel
USOIL,
4 hours
LONG
Feb 27
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
26 hours ago
There is an ascending triangle identified.
An ascending triangle is considered to be a bearish indicator that indicates a sharp decline when price breaks out to the the downside.
Silver set to extend its decline to the 57.5 level on a breakout of the ascending triangle.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Sep 23
It looks like a descending channel is almost done, the price is going to break out.
If price breaks out, the move could identify that the price to go up.
It is likely that a bullish price action to the 67 mark will occur on a breach of 66.4.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Sep 25
It looks like a descending triangle develops and the price is breaking out.
When price breaks through the resistance, the resulting move could predict extending an uptrend.
Platinum to look for a further push to 1485 once above 1481 as minor hurdle remains at 1481.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Dec 27
There is a rectangle developing, XPT/USD requests a more strong move to confirm a breakout.
A rectangle denotes a pattern that typically signals a further move up in case if price breaks out.
A bullish push up to 988 is on the cards while above 988.