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DESCENDING TRIANGLE
Crude Oil
USOIL
1H
There is a descending triangle observed.
A descending triangle spots a bearish price move in case if price breaks out.
There is a chance of a bearish continuation to 82 on a breakout of the descending triangle as risk reversal sheds bullish bias.
RECTANGLE
Brent Oil
UKOIL
1H
There is a rectangle uncovered.
A rectangle is a bearish pattern that can be used to signal a further move down when price breaks through the support.
There is a possibility of a bearish push down towards 88 on a breakout of the rectangle amid rising bets for the move.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel happening, the price is about to break out now.
Once price breaks out to the the downside, the move could predict a move down.
Silver risks suffer setback to the 65 zone as upside pressure mitigates.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel noticed and platinum needs a more bigger move for the certainty of breakout.
An ascending channel depicts a bearish formation that can be used to indicate the bulls have run out of steam if price collapses through the support line.
Platinum to head towards the 1760 mark.
BEARISH FLAG
Crude Oil
USOIL
4H
There is a bearish flag detected.
When price breaks down, the move could predict a bearish price move.
Crude-oil still risks a move towards the 80 zone on a downside break as minor hurdle remains at 82.5.
BEARISH FLAG
Brent Oil
UKOIL
4H
A bearish flag is close to being complete and the price is close to breaking out.
A bearish flag identifies an indicator that can be used to identify a bearish price action in case if price collapses through the support line.
Brent-oil risks extra downside to 88.
ASCENDING CHANNEL
Gold
XAU/USD
1H
Gold shows an ascending channel and gold demands a steady bearish move as evidence of a breakdown.
An ascending channel is a useful chart indicator that identifies a pause in an uptrending market in case if price breaks out to the the downside.
Corrective downside towards 4420 looks likely on a breach of 4430.
BEARISH FLAG
Silver
XAG/USD
1H
There is a bearish flag identified, silver requires a move as proof of a breakout.
Once price breaks below support, the move could spot that the price to go short.
It is possible that further decline to 65.5 will take place.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
It seems like crude-oil completes an ascending triangle, the price requires a further steady move as an information of a breakout.
An ascending triangle suggests a compelling price action signal that can be used to indicate a sharp decline once price breaks out to the the downside.
Crude-oil to move back towards 83 as door open for a test of 83.
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