Platinum repeats the fluctuation below the resistance – Analysis – 30-12-2016

Platinum price remains stable negatively below the minor bearish channel’s resistance at 915.00 for today, which supports the previous negative suggestion, the intraday sideways domination caused by the intraday sideways trading due to the contradiction of the indicators, to keep waiting for gathering the negative momentum, to attempt to record the targets at 870.00 reaching the support at 830.00.

The stability of the moving average 55 above the current trading increases the negative pressure, which supports the price confinement within the negative range until reaching the suggested targets.

Expected trading range for today is between 915.00 and 870.00

Expected trend for today: bearish.