Platinum is stable – Analysis – 3/9/2015

Platinum price continued to show sideways trading recently despite its stability within the main bearish channel due to the lack of the negative momentum, thus, we are waiting to gather the required momentum to renew the negative attack that targets 950.00 followed by 900.00.

We notice that stochastic is starting to support the negative domination by settling below 80 level, allowing the price to get the required momentum to begin the waited attack.

Expected trading range for today is between 1030.00 and 950.00

Expected trend for today: Bearish