Open:
High:
Low:
Close:
PENNANT
Silver
XAG/USD
1H
A pennant is detected, silver lacks a next move as a clue of a breakout.
A pennant is considered to be a bullish price pattern that predicts that the price will rally further if price breaks out to the the upside.
A bullish push up to 70.5 stays on the cards as outlook for silver stays positive.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel has been uncovered.
In case if price breaks through the resistance, the resulting move could predict a pause in a downtrending market.
Crude-oil to strengthen towards 78 on a breakout of the descending channel as bulls seeking a new high.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge identified and platinum requests a more bigger bearish continuation for clear breakout confirmation.
When price collapses through the support line, the move could indicate a further move down.
Platinum now looks to the 1780 mark as the commodity nears 1790 hurdle.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle revealed.
A descending triangle results in that the price to go long if price breaks out.
Gold to extend its advance towards 4350 while above 4340.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like gold shapes a descending triangle, gold requests a further move as a verification of a breakout.
A descending triangle identifies a next move down once price breakdown occurs.
Gold hints a change to the downside towards the 4330 zone as there is a chance of further weakness.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel detected and the price lacks a more bigger move to confirm descending channel breakout.
A descending channel is believed to be a useful formation that signals a bullish move if price breaks through the resistance.
Brent-oil embarks on a bullish correction to the 80 mark on a breakout of the descending channel.
PENNANT
Silver
XAG/USD
1H
We can see that a pennant arises, the price demands more bigger pullback for the certainty of breakout.
A pennant often identifies the more likely potential of falling prices when price breaks out to the the downside.
There is a probability of a bearish move towards 69.5 while lower than 70.1.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that a descending channel is revealed.
A descending channel represents a compelling price signal that identifies a bullish move if price breaks out to the the upside.
Crude-oil embarks on a bullish correction towards the 76 zone.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle forming and gold wants bigger push down as an indication of a breakout.
An ascending triangle provides a reliable price pattern that is used to indicate a bearish move if price breakdown occurs.
Gold risks further decline to 4340 as indicators favor bears.
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