Platinum continues to fluctuate- analysis- 1/9/2015

Platinum price provided mixed trading by holding near 1000.00 level affected currently by stochastic positively, which approaches from 80 level, noting that there is a possibility for reaching the moving average at 1050.00, which remains stable to keep the main bearish suggestion in the upcoming period.

We remind you that the stability of the first negative target at 955.00, where surpassing it will allow the price to attack the main channel’s support that extends currently towards 900.00, confirming the stability of the bearish channel’s resistance at 1070.00, which represents the main factor by confirming the negative domination in the upcoming period.

Expected trading range is between 1050.00 and 955.00

Expected trend for today: bearish.