Platinum attempts to push on the resistance – Analysis – 25-5-2017

Platinum price formed mixed trading yesterday attempting to push on 950.00 resistance, while we remind you that the bearish scenario depends on the strength of this resistance, supported by the consolidation of the moving average 55 above it, to confirm the domination of the bearish bias for the upcoming trading that targets 885.00 followed by 815.00.

We should note that attempting to breach the current resistance and provide positive close above the moving average 55 will cancel the negative overview and force the price to build bullish attack that targets many positive levels, starting at 980.00.

Expected trading range for today is between 950.00 and 885.00

Expected trend for today: Bearish