Platinum repeats the negative attempts – Analysis – 26-4-2017

Platinum price still affected by the negative pressures, to notice the attempt to break 950.00 level and hint targeting the main support at 920.00, while the consolidation of the moving average 55 above the price supports our bearish overview, besides stochastic reach to 20 level to allow the price to gather additional negative momentum in the near term basis.

We remind you that platinum price will remain within the main bullish range as long as the mentioned support remains intact, to expect testing this support and renew the bullish attempts by rallying towards 980.00, noting that breaching this barrier will confirm renewing the bullish attack that targets 1010.00 followed by 1080.00 levels.

Expected trading range for today is between 965.00 and 920.00

Expected trend for today: Bearish