Platinum fluctuates below the resistance – Analysis – 13-6-2017

Platinum price continues to provide some sideways trading, but its main consolidation below the bearish channel's resistance around 960.00 confirms the continuation of the negative domination for the near term and medium term period, thus, we will keep waiting to renew the negative attack that targets 910.00 followed by 885.00.

Stochastic exit from the oversold areas forms the main factor to form some sideways trading, but that renews the chances to gather the negative momentum in the near term period to manage to resume the negative attack and reach our expected targets.

Expected trading range for today is between 960.00 and 910.00

Expected trend for today: Bearish