Open:
High:
Low:
Close:
RISING WEDGE
Gold
XAU/USD
1H
It seems like the price establishes a rising wedge and the price breaks out now.
Once price breaks out, the move could identify a further move down.
There is a chance of a bearish run towards 4600.
PENNANT
Platinum
XPT/USD
1H
A pennant is close to being complete.
A pennant suggests a useful bearish chart indicator that often results in the bulls have run out of steam if price collapses through the support line.
Platinum to increase bearish potential to 2360 on a breach of 2370.
ASCENDING CHANNEL
Gold
XAU/USD
4H
BEARISH FLAG
Crude Oil
USOIL
4H
RISING WEDGE
Platinum
XPT/USD
4H
ASCENDING CHANNEL
Crude Oil
USOIL
1H
As we can see the price completes an ascending channel.
An ascending channel suggests a technical bearish price action indicator that can be used to predict an extension in the downward direction when price breakdown occurs.
It is not ruled out that a bearish push down towards 59 will happen amid crude-oil recedes from tops.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel uncovered.
An ascending channel is considered to be a chart pattern that can be used to signal a further move down when price breakdown occurs.
Brent-oil tests a move towards 65.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel materializing, the price asks for more push down for clear breakdown confirmation.
When price breakdown occurs, the move could indicate a next move down.
It is possible that corrective downside towards the 2350 level will take place amid rising bets for the move.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel has been identified, platinum needs a more bigger move as proof of a breakout.
An ascending channel often spots an upward trend is nearing its end if price breaks through the support.
Platinum does not rule out a move to the 2350 zone as extra rangebound not ruled out.
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