Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that crude-oil completes an ascending channel.
An ascending channel is said to depict a compelling bearish price action indicator that results in a bearish move if price breaks below support.
Crude-oil is bearish and en route towards 75 on a breakout of the ascending channel amid crude-oil recedes from tops.
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
Gold sets up a symmetrical triangle and the price asks for a next active move as a signal of a breakout.
A symmetrical triangle identifies that the price to go long once price breaks out.
There is a possibility of a rangebound to 4220 on a upside break.
SYMMETRICAL TRIANGLE
Platinum
XPT/USD
1H
It looks like a symmetrical triangle is close to completion, the price is ready to break out now.
A symmetrical triangle typically results in a next move up when price breaks through the resistance.
Platinum advances higher to the 1690 level as there is room for a upside correction.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle appears, silver asks for a next bigger move as evidence of a breakout.
An ascending triangle is believed to be a reliable pattern that often indicates extending an uptrend when price breaks above resistance.
A bullish move to the 67 level is about to happen.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle distinguished and the price requires a bigger move as a verification of a breakout.
A descending triangle denotes a compelling chart signal that can be used to spot a bullish price move in case if price breaks through the resistance.
There is a probability of a bullish price action to 66 as bulls seeking a new high.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel uncovered and platinum asks for a bigger bullish action as a sign of a breakout.
A descending channel tends to be a compelling formation that is angled down that signals that the price will rally further once price breaks above resistance.
A rangebound to 1680 is on the way once beyond 1675.
RECTANGLE
Crude Oil
USOIL
1H
A rectangle forms and crude-oil requires a further impulse up as an indication of a breakout.
A rectangle is believed to be a technical bullish chart pattern that is used to spot that the price will rally further once price breaks out.
Crude-oil to grind higher towards 76.
RECTANGLE
Brent Oil
UKOIL
1H
As we can see a rectangle is found.
A rectangle is said to depict a compelling price pattern that often signals a move up once price breaks above resistance.
It is likely that a move to 80 will form while above 79.8.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that the price sets up a descending channel, gold requests a bigger bullish move for the certainty of breakout.
In case if price breaks out, the resulting move could identify that the price to go up.
There is a chance of a bullish run towards 4200 once beyond 4170 as there is a chance for a upside correction.
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