Platinum begins the decline – Analysis – 14-6-2017

Platinum price confirmed its affection by the bearish bias domination, providing negative close below the moving average 55, to keep its stability within the bearish channel, therefore, we will keep waiting for recording the initial negative target at 910.00, and the continuation of the negative pressure will extend the trading to 885.00 level reaching to the main target at 815.00.

Stochastic attempt to renew the negative pressure by forming new bearish wave provides new negative momentum, which confirms the continuation of the negativity in the upcoming trading as we expected previously.

Expected trading range for today is between 950.00 and 910.00

Expected trend for today: Bearish