Platinum awaits the negative momentum – Analysis – 28/7/2015
Economies.com
2015-07-28 07:17AM UTC
Platinum price provided several negative closings below 1000.00, to notice forming sideways bias due to the lack of the negative momentum, while in general, the bearish overview will remain valid as long as the mentioned level remains intact, waiting to attack 930.00 support that forms the main target for the medium term trading.
Stochastic begins by losing the positive momentum to offer the negative momentum that supports the attempts of reaching our target.
Expected trading range for today is between 1000.00 and 930.00
Expected trend for today: Bearish
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