Open:
High:
Low:
Close:
RECTANGLE
Brent Oil
UKOIL
1H
There is a rectangle exposed, the price wants a steady move for clear breakdown confirmation.
If price breakdown occurs, the move could indicate that the price to go down.
Brent-oil to suffer a steeper decline to the 77 mark as door open for the continuation of the downtrend.
FALLING WEDGE
Brent Oil
UKOIL
1H
There is a falling wedge appearing and brent-oil wants a strong move as proof of a breakout.
In case if price breaks out, the resulting move could spot a bullish price action.
A bullish move towards 79 is likely to happen as brent-oil challenges 77.8 hurdle.
RISING WEDGE
Platinum
XPT/USD
4H
There is a rising wedge happening, the price expects a strong bearish continuation as a sign of a breakout.
If price collapses through the support line, the move could identify an extension in the downward direction.
Platinum could attempt a move towards the 1700 zone.
BEARISH RECTANGLE
Crude Oil
USOIL
1H
It seems like a bearish rectangle is nearing completion, the price breaks out.
A bearish rectangle describes a specific bearish price formation that is used to identify a next move down when price breaks down.
Crude-oil to experience further corrective weakness towards 74.
BEARISH RECTANGLE
Brent Oil
UKOIL
1H
A bearish rectangle is almost completed, brent-oil requests next pullback as a clue of a breakdown.
A bearish rectangle often spots the more likely potential of falling prices in case if price breakdown occurs.
Brent-oil is bearish and en route towards 77 while below 78.2.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel forming.
An ascending channel often identifies prices are likely to keep falling downward in case if price breaks out to the the downside.
Gold to increase bearish potential to 4200 as bears seeking a new low.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It seems like gold develops an ascending channel and the price is ready to break out soon.
An ascending channel depicts a useful bearish price action pattern that is used to signal the more likely potential of falling prices if price collapses through the support line.
Gold risks extending drop towards the 4330 mark as the commodity challenges 4335 hurdle.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel determined and silver calls for an active move as a sign of a breakdown.
An ascending channel can be thought of as a reliable bearish price formation that has an upward slope that typically results in a further move down when price breaks out to the the downside.
Silver opens door for a move to the 69.5 zone on a breach of 69.8 as bears seeking a new low.
RISING WEDGE
Platinum
XPT/USD
4H
There is a rising wedge recognized, platinum asks for a further active move as evidence of a breakout.
In case if price breaks through the support, the move could predict price heading to a new direction.
Platinum pulls back towards 1700.
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