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ASCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that crude-oil forms an ascending triangle, the price demands a next bigger move as an information of a breakout.
An ascending triangle spots extending an uptrend when price breaks out.
It is not ruled out that a further bullish move to the 95 level will form.
SYMMETRICAL TRIANGLE
Brent Oil
UKOIL
1H
Brent-oil shapes a symmetrical triangle, the price requests next strong push up as a clue of a breakout.
A symmetrical triangle typically spots that the price will rally further if price breaks out to the the upside.
A bullish continuation towards the 107 mark is on the cards on a breach of 105.8 as brent-oil becomes bid.
RISING WEDGE
Gold
XAU/USD
4H
It seems like a rising wedge comes out.
A rising wedge spots price reversal after a pause when price breaks below support.
Gold could recede towards the 4160 level on impulse below 4180.
ASCENDING TRIANGLE
Platinum
XPT/USD
4H
Platinum forms an ascending triangle and the price breaks out soon.
An ascending triangle typically signals a next move down if price collapses through the support line.
Platinum is at risk of resuming its decline to 1660 on a breach of 1675.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel has been exposed, the price needs a more bearish action for the certainty of breakdown.
An ascending channel suggests a technical bearish indicator that indicates a change in the prevailing trend in case if price breaks below support.
Platinum risks extra losses towards 1685 as sell-off may continue.
RISING WEDGE
Crude Oil
USOIL
1H
It seems like a rising wedge emerges, crude-oil asks for a move as an indication of a breakout.
A rising wedge is considered to be a bearish price action signal that typically results in that prices move counter to the prevailing price trend in case if price breaks out to the the downside.
Crude-oil tests a move to the 92 level.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
It seems like brent-oil shows an ascending channel.
An ascending channel often identifies a potential reversal in price action in case if price breaks out to the the downside.
Brent-oil to accomodate towards the 104 mark.
BULLISH FLAG
Gold
XAU/USD
1H
We can see that a bullish flag comes out, the price is breaking out.
If price breaks through the resistance, the move could indicate a countertrend succeeding the current trend.
Gold to maintain its positive tone towards 4210.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel happens.
A descending channel often identifies that the price to go up once price breaks above resistance.
Gold to jump towards 4200 as weakness seen overdone.
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