Platinum repeats the negative attempts – Analysis – 2-3-2018

Platinum price provided extra negative trading yesterday, to approach from the critical support at 940.00, the indicators negativity will force the price to renew the negative fluctuation in the near period, to increase the chances for the price move in new negative track by breaking the current support and reaching to 890.00 in the upcoming period.

While the possibility to regain the bullish bias depends mainly on the attempt to rally above 980.00 level, while achieving this condition will confirm the price readiness to target several positive targets that begin at 1022.00 reaching to 1085.00 in the upcoming period.

Expected trading range for today is between 985.00 and 940.00

Expected trend for today: Bearish