Open:
High:
Low:
Close:
Crude Oil: Ascending Channel
USOIL,
4 hours
SHORT
Dec 1
We can see that an ascending channel arises and USOIL requests a bigger correction to confirm ascending channel breakout.
In case if price breaks out to the the downside, the resulting move could predict a potential reversal in price action.
USOIL could attempt a move towards the 74 mark as upside pressure mitigates.
Gold: Descending Channel
XAU/USD,
4 hours
LONG
Jan 29
It seems like the price creates a descending channel, the price asks for a next move as a clue of a breakout.
Once price breaks above resistance, the move could signal that the price to go long.
XAU/USD to strengthen to 2030 while above 2024.
Crude Oil: Rising Wedge
USOIL,
1 hour
SHORT
Mar 17
A rising wedge is close to being finished, the price is about to break out.
A rising wedge represents a technical signal that signals an upward trend is nearing its end when price breaks through the support.
There is a possibility of a bearish price action towards 68.5 on a breach of 69.1 as USOIL loses bullish momentum.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Jun 13
XAG/USD creates an ascending channel.
An ascending channel describes a technical bearish signal that is used to predict an interruption of an uptrend once price breaks out to the the downside.
XAG/USD pulls away from recent highs to 23.5 on a breakout of the ascending channel.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Oct 12
As we can see the price establishes a descending channel.
A descending channel is considered to be an indicator that indicates a bullish price action in case if price breaks out to the the upside.
It is possible that a move to 85 will occur on a upside break.
Silver: Descending Channel
XAG/USD,
4 hours
LONG
Aug 18
A descending channel is diagnosed.
A descending channel provides a bullish pattern that is used to spot a bullish price action in case if price breaks above resistance.
A bullish run to the 22.8 level is a possibility as the commodity becomes supported.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 13
A falling wedge is close to completion, XAG/USD calls for more strong push up for clear breakout confirmation.
A falling wedge is considered to be a technical chart signal that often results in a trend change to the upside if price breaks out.
XAG/USD to move upward to 22.2 on a breakout of the falling wedge.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Feb 13
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Apr 25
It seems like a bearish flag has been found and the price is breaking out.
A bearish flag denotes a technical price action signal that typically indicates a next move down in case if price breaks through the support.
USOIL to accomodate towards 77 on a breach of 77.3.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
Aug 7
We can see that a bearish flag has been recognized and the price is ready to break out soon.
A bearish flag describes a specific chart formation that has an upward slope that typically results in that the price to go down when price collapses through the support line.
XAG/USD points to the downside to the 23.5 zone on a breakout of the bearish flag as XAG/USD becomes weaker.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Mar 4
Crude Oil: Rising Wedge
USOIL,
1 hour
SHORT
Feb 19
As we can see a rising wedge has been encountered and the price needs bigger pullback as a verification of a breakout.
A rising wedge identifies a useful pattern that is angled up that is used to indicate extending an downtrend when price breakdown occurs.
USOIL is at risk of extending its slump towards the 78.5 zone.