Open:
High:
Low:
Close:
BULLISH FLAG
Crude Oil
USOIL
1H
We can see that the price composes a bullish flag.
A bullish flag often signals a bullish price action once price breaks through the resistance.
Crude-oil to move upward to 83 on a breakout of the bullish flag.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
A descending channel is nearing completion, the price is ready to break out now.
A descending channel spots a breakout higher in case if price breaks out.
It is not ruled out that a bullish price action towards the 89 mark will be made.
RECTANGLE
Platinum
XPT/USD
4H
It looks like the price sets up a rectangle and platinum needs a further strong move as a sign of a breakdown.
A rectangle suggests a reliable signal that typically spots a move down once price collapses through the support line.
A further bearish run to the 1700 level looks possible as platinum nears 1725 hurdle.
FALLING WEDGE
Silver
XAG/USD
1H
A falling wedge arises.
A falling wedge denotes a technical bullish price action signal that is used to indicate a downward trend is about to reverse into an upnward trend in case if price breaks out to the the upside.
Silver to accomodate to the 65.5 zone on a breach of 65.2 as silver nears 65.2 hurdle.
ASCENDING CHANNEL
Silver
XAG/USD
1H
It looks like an ascending channel is close to being done.
An ascending channel suggests a useful price signal that can be used to predict a next move down once price collapses through the support line.
There is a probability of a further bearish continuation to the 65 mark.
FALLING WEDGE
Crude Oil
USOIL
1H
We can see that a falling wedge has been determined, crude-oil needs a next strong bullish impulse to confirm a breakout.
If price breaks out, the resulting move could indicate an extension in the upward direction.
There is a possibility of a bullish continuation to 83 as outlook for the commodity stays positive.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel developing, the price is going to break out.
An ascending channel is said to depict a useful bearish pattern that has an upward slope that can be used to spot a further move down once price breaks out to the the downside.
Gold could recede to 4400 on a breakout of the ascending channel.
DESCENDING TRIANGLE
Brent Oil
UKOIL
1H
Brent-oil completes a descending triangle.
In case if price breaks out to the the upside, the move could identify a next move up.
It is not ruled out that a bullish run towards 88.5 will take place.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is determined.
An ascending channel denotes a compelling bearish indicator that often signals price reversal after a pause when price breaks out to the the downside.
A further bearish run towards 1750 is about to happen as bears seeking a new low.
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