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DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel revealed and the price is breaking out.
A descending channel often predicts that prices are likely to keep rallying upward once price breaks through the resistance.
There is a possibility of a move to the 60 zone on a breakout of the descending channel as bulls looking for profit.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like the price shows an ascending channel, crude-oil asks for a more active move as evidence of a breakdown.
If price breaks below support, the resulting move could predict a breakdown is likely to occur.
A bearish move towards the 90 mark is likely on a breach of 91.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel occuring and brent-oil needs a bigger bearish move to confirm a breakout.
In case if price breaks down, the move could predict reversals in uptrends.
Brent-oil risks suffer setback to 103 as the commodity becomes weaker.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
An ascending triangle develops, the price is close to breaking out soon.
An ascending triangle often indicates a next move down in case if price collapses through the support line.
It is likely that a move to 4120 will form once below 4130.
PENNANT
Platinum
XPT/USD
1H
It seems like platinum composes a pennant.
A pennant suggests a compelling indicator that often identifies the more likely potential of falling prices once price breaks below support.
Platinum to fall to 1620 amid rising bets for the move.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle developing and the price is breaking out.
A descending triangle signals a move up in case if price breaks above resistance.
A bullish push up to the 4160 mark is a possibility on a upside break.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
A symmetrical triangle is recognized.
When price breaks through the resistance, the move could predict that prices are likely to keep rallying upward.
A bullish run towards 90.5 is going to happen as the mood may improve.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle determined, the price is ready to break out.
A descending triangle is believed to be a pattern that typically identifies a next move down when price breaks below support.
It is possible that corrective downside to the 59.5 zone will take place on a breach of 59.7.
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