Platinum fluctuates within the negative range – Analysis – 29-9-2017

Platinum price did not show any new action until this moment by settling around 925.00, while the stability below 955.00 resistance allows us to suggest the correctional bearish bias domination until touching 890.00 support.

The major indicators continue to support the bearish overview to notice the stability of the moving average 55 around the initial resistance, also, stochastic forming for new negative wave to settle within the oversold areas to provide new negative momentum until reaching the waited target.

Expected trading range for today is between 938.00 and 890.00

Expected trend for today: Bearish