Platinum moves slowly – Analysis – 27-6-2017

Platinum price continued to provide slow negative trading despite its consolidation within the bearish channel, affected by the contradiction of the major indicators recently, while we notice that stochastic attempts to form negative wave that assists to activate the negative attack, which targets 885.00 level, reminding you that breaking this obstacle will open the way to achieve more negative targets until reaching 815.00.

We should be careful in case the price rallied towards the main resistance at 950.00 to avoid any attempt to breach this barrier that might cancel the negative outlook and start forming bullish attack in the upcoming period.

Expected trading range for today is between 950.00 and 885.00

Expected trend for today: Bearish