Open:
High:
Low:
Close:
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel coming out.
An ascending channel typically indicates prices are likely to keep falling downward once price breaks below support.
There is a possibility of a rangebound to the 112 zone as extra rangebound not ruled out.
BULLISH FLAG
Silver
XAG/USD
1H
A bullish flag has been determined.
A bullish flag typically results in that prices move counter to the prevailing price trend if price breaks above resistance.
A bullish push up towards the 74 level stays on the cards on a breach of 73.2 as minor hurdle remains at 73.2.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like a descending channel is close to being completed.
A descending channel tends to be a technical formation that results in a tendency to break in the opposite direction when price breaks above resistance.
Platinum to resume its rise to 1980 while above 1965.
ASCENDING TRIANGLE
Gold
XAU/USD
1D
There is an ascending triangle detected, the price breaks out.
An ascending triangle tends to be a useful pattern that typically spots that the price to go short if price breaks out to the the downside.
It is possible that a bearish continuation towards 4400 will form while below 4500 as gold is at a brink of a bearish breakout.
BULLISH FLAG
Gold
XAU/USD
1H
We can see that a bullish flag appears, the price lacks a further bullish continuation as a clue of a breakout.
A bullish flag denotes a reliable price formation that is angled down that typically indicates a tendency to break in the opposite direction when price breaks out.
Gold looks north towards the 4540 mark on a breach of 4540.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel is almost done and the price is going to break out now.
A descending channel provides an indicator that often identifies that prices are likely to keep rallying upward in case if price breaks out.
Crude-oil to move up towards the 108 mark.
RECTANGLE
Gold
XAU/USD
1H
We can see that the price establishes a rectangle and the price lacks further fall as an indication of a breakout.
A rectangle is considered to be a compelling indicator that typically spots a bearish price action in case if price breaks out.
Gold to head towards 4540.
ASCENDING TRIANGLE
Brent Oil
UKOIL
1H
As we can see an ascending triangle develops.
An ascending triangle denotes a compelling bullish chart indicator that is used to indicate a sharp rise when price breaks out.
Brent-oil could attempt a move to the 114 level on a breakout of the ascending triangle.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is close to completion.
An ascending channel spots a next move down once price breaks out.
Silver still risks a move towards the 73 zone.
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