Platinum continues to crawl negatively – Analysis – 18-7-2018

Platinum price continued to provide negative crawling, affected by the stability of 870.00 resistance, confirming the surrender to the bearish bias domination, while we expect to face 790.00 barrier first, waiting to break this level to confirm the preparation to achieve new negative targets in the near term and medium term period by reaching 748.00 followed by 675.00.

Stochastic begins to form new negative fluctuation and consolidates below 50 level to reinforce the bearish overview by attempting to provide additional negative momentum that increases the chances of achieving the waited break.

Expected trading range for today is between 855.00 and 750.00

Expected trend for today: Bearish