Platinum moves slowly – Analysis – 21-6-2017

Platinum price repeated the slow trading to settle around 920.00 level and confirm the affection by the bearish bias domination due to the stability within the main bearish channel, also, the stability of the moving average 55 above the price increases the negative pressure to allow us to continue suggesting the negative attempts for the near term and medium term period, which targets 885.00 followed by reaching the main target at 815.00.

We notice stochastic attempt to provide new negative pressure on the price due to its move towards 20 level, to support the attempt to form the negative attack and start recording the suggested targets.

Expected trading range for today is between 935.00 and 885.00

Expected trend for today: Bearish