Platinum moves slowly – Analysis– 22-12-2016

Platinum price provided slow sideways trading since the last period, affected by stochastic rally above 50 level, which decelerates the expected negative attempts, reminding you that the stability of the resistance at 935.00 form the main factor that confirms the dominant negativity, which makes us wait until gathering new negative momentum, to resume the negative attack until achieving the suggested targets at 870.00 reaching to 850.00.

While the price attempt to rally above the mentioned resistance will cancel the negative overview, which forces it to provide new positive trading to target 950.00 and 980.00 level.

Expected trading range for today is between 925.00 and 870.00

Expected trend for today: Bearish.