Platinum keeps the negative stability – Analysis – 3-10-2017
Economies.com
2017-10-03 06:43AM UTC
Platinum price kept its negative stability recently to be affected by the moving average 55 negativity that forms good resistance now around 950.00, while we notice the price fluctuation around 900.00 that forms extension to historical support as appears on chart.
On the other hand, stochastic consolidation within the oversold areas supports the continuation of the negativity to increase the negative pressures and expect to break the current support to reach the main target around 880.00.
Expected trading range for today is between 922.00 and 880.00
Expected trend for today: Bearish
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