Platinum faces stochastic negativity – Analysis – 11-1-2018

Platinum price challenged stochastic negativity by providing new bullish wave attempting to surpassing the barrier at 966.00, reinforcing the bullish attempts but we recommend waiting for the next four hours close to avoid any new negative fluctuation, then wait for achieving several levels that begin at 980.00 and 1020.00.

While the price failure to provide the positive close will force it to provide new negative trading, to attempt to press on 950.00 level, and breaking this level will extend the losses in the near period to 920.00 level.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish