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PENNANT
Crude Oil
USOIL
4H
The price shows a pennant and the price is breaking out.
A pennant is considered to be a bullish pattern that spots a move up if price breaks out.
Crude-oil points to the upside towards 93 once above 92 amid crude-oil reclaims part of the ground lost.
ASCENDING CHANNEL
Silver
XAG/USD
1H
We can see that an ascending channel is very close to being completed and the price needs a bigger move for clear breakout confirmation.
An ascending channel often identifies an extension in the downward direction when price collapses through the support line.
Silver risks extending drop to 61 as the commodity is at a brink of a bearish breakout.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
An ascending channel is distinguished, brent-oil needs active fall as an information of a breakout.
An ascending channel suggests a compelling bearish indicator that can be used to indicate extending an downtrend once price breaks through the support.
There is a chance of a bearish push down towards the 102.5 mark on a breakdown of the ascending channel.
RECTANGLE
Crude Oil
USOIL
1H
Crude-oil completes a rectangle and the price is breaking out.
A rectangle describes a useful signal that can be used to spot prices are likely to keep falling downward once price breakdown occurs.
Crude-oil to maintain its negative tone to 90.
RECTANGLE
Gold
XAU/USD
4H
A rectangle pops up and the price is ready to break out.
A rectangle is considered to be a price indicator that signals that prices are likely to keep rallying upward if price breaks above resistance.
A further rangebound to the 4220 mark is likely to happen.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
There is a descending triangle emerging.
A descending triangle depicts a formation that is used to identify a countertrend succeeding the current trend in case if price breaks above resistance.
Crude-oil to look for a further push towards 92.5 on a upside break as bullish momentum increases.
DESCENDING CHANNEL
Silver
XAG/USD
4H
There is a descending channel revealed, silver requests a next bigger move to confirm a breakout.
A descending channel suggests a technical bullish price indicator that signals a bullish move once price breaks above resistance.
A bullish move towards the 62 zone is likely.
BULLISH FLAG
Brent Oil
UKOIL
1H
There is a bullish flag noticed, brent-oil needs an active move for clear breakout confirmation.
A bullish flag can be thought of as a specific price pattern that is used to identify that prices move counter to the prevailing price trend if price breaks above resistance.
Brent-oil now looks to 105 on a breakout of the bullish flag.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel observed.
An ascending channel identifies a bearish price move in case if price breakdown occurs.
It is not ruled out that a bearish continuation towards 4200 will be made.
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