Platinum keeps the negative stability – Analysis – 3-1-2017

Platinum price kept its stability within the negative range and exactly below the bearish channel’s resistance at 915.00, therefore, we will keep preferring the negative domination, to wait until gathering the negative momentum, which opens the way towards achieving the suggested targets at 870.00 reaching to the support at 830.00.

By the above image, we notice stochastic attempt to form new bearish wave, which agrees with the moving average 55, which increases the possibility for gathering the required momentum in the near and medium period.

Expected trading range for today is between 915.00 and 870.00

Expected trend for today: Bearish.