Platinum continues to crawl negatively – Analysis – 2-7-2018

Platinum price continued to provide clear negative crawl to keep its stability below 855.00 level, to increase the chances of resuming the waited negative attack, thus, we will keep waiting to touch 812.00 target and reminding you that the continuation of the negative pressures will push the price to resume the bearish attack until reaching 750.00.

We notice that stochastic crawls towards the oversold areas to confirm the continuation of the negativity and provide additional negative momentum that confirms the attempt to reach the waited targets.

Expected trading range for today is between 855.00 and 812.00

Expected trend for today: Bearish