Platinum awaits the negative momentum – Analysis – 10-7-2018

Platinum price continued to provide intraday sideways trading, affected by the contradiction of the major indicators, to settle around 850.00 level, while we notice that the current key resistance is located at 872.00, as its stability against the sideways fluctuations allows us to expect forming new bearish trades to repeat the pressure on 790.00 level followed by waiting to reach the main target at 748.00.

Expected trading range for today is between 872.00 and 825.00

Expected trend for today: Bearish