Open:
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Close:
Silver: Symmetrical Triangle
XAG/USD,
1 day
LONG
Aug 23
There is a symmetrical triangle found and the price is breaking out.
A symmetrical triangle tends to be a compelling formation that identifies that the price to go up in case if price breaks out.
It is possible that a bullish run towards the 39 level will occur on a upside break.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Jun 15
There is an ascending channel happening and the price breaks out.
In case if price breaks out, the resulting move could predict a bearish price action.
XAG/USD risks a move towards the 23.6 mark on impulse below 23.75.
Crude Oil: Ascending Channel
USOIL,
4 hours
SHORT
May 25
An ascending channel is almost finished, USOIL wants a more steady bearish action to confirm ascending channel breakout.
An ascending channel depicts a useful bearish formation that can be used to spot extending an downtrend in case if price breaks out to the the downside.
USOIL to increase bearish potential towards 72.
Silver: Falling Wedge
XAG/USD,
4 hours
LONG
Nov 24
It seems like a falling wedge is nearing completion and silver asks for more steady push up for clear breakout confirmation.
Once price breaks above resistance, the resulting move could spot price reversal after a pause.
Silver to head to the 51 mark once beyond 50.2.
Crude Oil: Rectangle
USOIL,
1 hour
SHORT
Nov 15
It seems like a rectangle has been determined, USOIL lacks a further steady bearish continuation to confirm a breakout.
A rectangle is said to depict a pattern that often results in that the price to go short once price breaks through the support.
USOIL to slide towards 78 on a breakout of the rectangle.
Gold: Bullish Rectangle
XAU/USD,
1 hour
LONG
Nov 28
XAU/USD forms a bullish rectangle.
If price breaks through the resistance, the resulting move could spot that the price will rally further.
A bullish push up towards the 2018 mark is not ruled out on a breakout of the bullish rectangle.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Oct 8
There is an ascending channel encountered, platinum requests a more strong move for clear breakout confirmation.
An ascending channel is believed to be a price pattern with an upward bias that can be used to spot a bearish move when price breaks through the support.
Platinum could extend its slump to 1640 on a downside break as the commodity sticks to the negative mood.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Dec 14
It looks like the price builds a descending channel.
A descending channel indicates a next move up once price breaks above resistance.
There is a probability of a rangebound towards 72 on a breakout of the descending channel as the mood may improve.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
Jan 2
We can see that a bearish flag is almost done.
A bearish flag typically indicates a bearish move if price breaks out to the the downside.
XAU/USD hints a change to the downside towards 2065.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
May 1
It seems like a pennant is close to completion.
A pennant typically predicts the bulls have run out of steam once price breaks through the support.
XPT/USD risks extra losses towards 1075.
Silver: Bullish Rectangle
XAG/USD,
1 hour
LONG
Nov 28
There is a bullish rectangle coming out and the price is about to break out.
A bullish rectangle results in the bears have run out of steam once price breaks above resistance.
XAG/USD to grind higher to the 24.9 mark.
Platinum: Descending Triangle
XPT/USD,
1 day
LONG
Nov 27
There is a descending triangle encountered, the price breaks out soon.
A descending triangle can be thought of as a specific bullish price formation that can be used to signal extending an uptrend if price breaks out.
There is a possibility of a rangebound to 1600 on a breach of 1580.