Open:
High:
Low:
Close:
DESCENDING CHANNEL
Silver
XAG/USD
1H
As we can see a descending channel forms and silver needs a bigger move as a sign of a breakout.
A descending channel provides a technical chart pattern with a downward bias that signals a next move up if price breaks above resistance.
A bullish price action towards the 61 zone is a possibility as downside pressure mitigates.
PENNANT
Platinum
XPT/USD
4H
There is a pennant identified and the price is ready to break out now.
A pennant identifies the more likely potential of rising prices when price breaks out.
It is likely that a further bullish run towards the 1720 zone will form on a break above 1705 as door open for the continuation of the uptrend.
RECTANGLE
Silver
XAG/USD
1H
A rectangle has been determined.
A rectangle is considered to be a useful bearish chart pattern that is used to predict the more likely potential of falling prices in case if price collapses through the support line.
There is a possibility of a rangebound to the 60.2 mark.
PENNANT
Brent Oil
UKOIL
1D
There is a pennant forming.
A pennant can be thought of as a technical bullish price formation that indicates the bears have run out of steam if price breaks out.
Brent-oil to maintain its positive tone towards 110 on a breakout of the pennant.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle spotted, platinum needs steady push up for clear breakout confirmation.
A descending triangle often results in that the price to go long if price breaks out.
There is a probability of a bullish push up towards the 1700 mark as minor hurdle remains at 1696.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel coming out and the price is ready to break out.
An ascending channel is believed to be a reliable bearish signal that spots a countertrend succeeding the current trend in case if price collapses through the support line.
Platinum violates bullish trendline towards 1680 on a breach of 1690.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel detected.
In case if price breaks below support, the move could signal a bearish price action.
Extra downside towards 60.6 looks possible while lower than 60.6.
RECTANGLE
Gold
XAU/USD
1H
As we can see a rectangle is very close to being finished, the price breaks out now.
A rectangle provides a signal that is used to indicate an extension in the downward direction if price breaks through the support.
Gold now looks towards 4180.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel discovered.
A descending channel spots a bullish price action in case if price breaks out to the the upside.
There is a probability of a bullish push up towards the 93 mark.
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