The Exponential Moving Average 100 is adapting a general sideways bias as shown on graph in green, therefore resistance level 96.90 is significant for this weeks’ trading and stability below it might push the price to test the referred to moving average close to 93.20. Stochastic is showing overbought signals and RSI is showing a weak upside move. Therefore, we might see a downside move this week unless levels 96.90 were breached and the price stabled above it.

** Short term (Less than three months)

** Chart is based on GMT+2 timing

Notes: 

*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.

*Allow for +,- 5 points margin

The pair remains affected by the main and bullish bias in spite of its attempts to record negative level in Friday’s trading, while the stability of the trading around 132.00 supports the bullish bias domination to settle in tight range waiting for breaching  one of the main levels around 132.50 and 131.30.

We remind you that the stability of the EMA50 around the initial support level at 130.40, supporting the continuation of the price fluctuation until breaching above the previous levels, thus we recommend the neutrality for today’s trading until getting clearer image.

Expected trading range is between 133.00 and 130.35

Expected trend: neutral

The pair attempts to settle below the initial support in Friday’s trading recording negative level towards 154.95 to return to settle above the support 155.35, thus we remain waiting new signal that allows the price to settle below the previous support to visit the initial target level around 154.00 followed by 152.85

Stochastic attempts to settle above 50 level supporting the main and bullish bias to provide a possibility for visiting 147.35 if the previously mentioned initial support level remained stable, thus we must wait the required breaking signal to confirm the expected correctional bearish bias.

Expected trading range is between 156.50 and 154.00

Expected trend: bearish

Platinum ended its last sideways trading by visiting the first and second target in our previous report around 1460.00 and 1440.00 to settle below 1465.00 attempting to achieve more levels reaching to the main target around 1400.00 in the near and medium period.

All the indicators support the current dominant negativity on the trading as the stability of the trading below 50% Fibonacci which is supported by the EMA50, and Stochastic supports our bearish overview by breaking below 20 as appears in the above chart.

Expected trading range is between 1455.00 and 1414.00

Expected trend: bearish