Platinum declines slowly – Analysis – 9-6-2017

Platinum price could not achieve more negative targets to keep its fluctuation below the moving average 55, while we notice stochastic approach from 20 level to assist to release the price from the sideways range and start building negative attack, waiting to reach the first negative target at 885.00, which breaking it will open the way to reach the main target around 815.00.

Note that any attempt to rally above the current resistance will confirm getting rid of the negative pressures to open the way to form strong bullish rebound that targets 980.00 followed by 1040.00 levels.

Expected trading range for today is between 966.00 and 885.00

Expected trend for today: Bearish