Platinum continues the bearish attempts – Analysis – 6/7/2015
Economies.com
2015-07-06 07:32AM UTC
The moving average 55 continued to form major obstacle against Platinum price sideways attempts, to force the price to form more bearish waves and we notice the price stability around 1070.00 since morning, thus, we will keep waiting to break 1065.00 level that forms the major key to extend trading towards touching the main support around 1045.00.
Stochastic approaches from the oversold level to confirm the continuation of the negative pressure, and get more momentum that pushes the price to attempt to reach our target.
Expected trading range for today is between 1075.00 and 1045.00
Expected trend for today: Bearish
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