Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Silver
XAG/USD
1H
The price establishes a descending triangle, the price lacks a further bigger move as a clue of a breakout.
A descending triangle can be thought of as a reliable bearish price formation that results in that the price to go short in case if price breaks down.
It is not ruled out that a bearish move to 72 will happen as weakness continues.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle emerges.
If price collapses through the support line, the move could predict extending an downtrend.
A bearish push down to 1900 is probable as downtrend may continue.
PENNANT
Crude Oil
USOIL
1H
There is a pennant turning up, the price demands a more bigger move as a clue of a breakout.
A pennant signals a next move up in case if price breaks above resistance.
Crude-oil to prolong the growth phase to 101.
PENNANT
Brent Oil
UKOIL
1H
A pennant happens and the price is close to breaking out.
A pennant signals a next move up once price breaks above resistance.
Brent-oil turns higher towards the 106 mark as brent-oil challenges 104.8 hurdle.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It looks like a descending channel has been encountered, the price wants a steady move as an information of a breakout.
A descending channel tends to be a bullish price action formation that is angled down that is used to identify extending an uptrend in case if price breaks out to the the upside.
A bullish move towards the 74 zone about to be made.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
It looks like an ascending channel is nearing completion.
An ascending channel typically indicates prices are likely to keep falling downward when price breakdown occurs.
It is not ruled out that a further bearish run towards the 103 level will happen.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that an ascending channel is close to being completed and the price requests more steady pullback for the certainty of breakout.
An ascending channel is considered to be a reliable chart indicator that is used to indicate a bearish move if price breaks below support.
Crude-oil risks a move towards the 98 level.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is almost done, gold asks for a more bigger bullish impulse as a verification of a breakout.
A descending channel is said to depict a reliable indicator that typically predicts a pause in a downtrending market once price breaks out to the the upside.
A bullish move to 4650 looks possible on a breakout of the descending channel.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel appears.
A descending channel suggests a specific bullish signal that often signals a bullish price action when price breaks above resistance.
There is a chance of a bullish continuation towards 1980.
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