Platinum keeps the sideways moves – Analysis – 30/7/2015

Platinum price settles within sideways range recently, affected by the contradiction of the main indicators represented by stochastic approach from 80 level, while the moving average still support the negative attempts by holding below the main resistance of the bearish channel as appears on chart.

Therefore, the sideways bias will remain valid for the upcoming period, reminding you that holding below 1000.00 will support the negative attempts for the upcoming period until reaching 930.00.

Expected trading range for today is between 1000.00 and 930.00

Expected trend for today: Sideways