Platinum moves in sideways range- analysis- 3/8/2015
Economies.com
2015-08-03 08:30AM UTC
In spite of platinum attempt to gather new negative momentum, but we notice the continuation of the sideways domination on the sideways trading by holding near 980.00, but the stability of the price within the bearish channel level besides the stability of 1000.00 level supports the negative suggestion in the upcoming period until hitting the main support at 920.00.
Stochastic loses the positive momentum by forming new bearish wave to open the way towards gathering the required negative momentum to achieve the previously waited target.
Expected trading range is between 1000.00 and 920.00
Expected trend for today: bearish
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