Open:
High:
Low:
Close:
BULLISH FLAG
Silver
XAG/USD
1H
A bullish flag is recognized, the price is breaking out.
Once price breaks out, the resulting move could signal that the price to go long.
It is likely that a further bullish continuation to the 88 mark will occur as bulls looking for upside correction.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is very close to being completed, the price is going to break out soon.
A descending channel typically predicts a potential bullish reversal in price action when price breaks out.
Gold does not rule out a move to 5180.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle occuring.
A descending triangle tends to be a price action pattern that is used to indicate a further move down in case if price breaks through the support.
Gold hints a change to the downside towards 5140 on a breach of 5155.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle has been spotted.
An ascending triangle spots a move up once price breaks above resistance.
Crude-oil to head to the 90 mark.
ASCENDING TRIANGLE
Brent Oil
UKOIL
1H
There is an ascending triangle appearing, the price needs a more bigger move for the certainty of breakout.
An ascending triangle describes a specific chart signal that can be used to identify that the price will rally further once price breaks above resistance.
Brent-oil is bullish and en route towards 90 once above 89.5.
FALLING WEDGE
Platinum
XPT/USD
1H
There is a falling wedge noticed.
A falling wedge describes a price pattern that often predicts an extension in the upward direction once price breaks through the resistance.
There is a chance of a bullish push up towards 2220.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel turning up, the price is ready to break out.
A descending channel suggests a compelling price action indicator that is used to identify that prices move counter to the prevailing price trend if price breaks through the resistance.
Crude-oil to enjoy a considerable gain to 90.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel coming out, the price is close to breaking out.
In case if price breaks above resistance, the resulting move could signal a bullish price action.
Brent-oil aims to complete a retracement towards 90 as the commodity is at a brink of a bullish breakout.
RECTANGLE
Silver
XAG/USD
1H
As we can see the price gives a rectangle and the price asks for a strong move to confirm a breakout.
A rectangle is said to depict a useful chart pattern that predicts a next move down in case if price breakdown occurs.
It is likely that a bearish run towards the 86.5 zone will take place as extra rangebound not ruled out.
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