Platinum repeats the negative fluctuation – Analysis – 22-9-2017

Platinum price kept its negative stability below 955.00 that forms solid barrier against regaining the bullish bias, to expect forming additional negative attack in the near term and medium term period to target 890.00 support, followed by monitoring the price behavior to detect the next main trend.

Stochastic attempt to exit the oversold areas might force the price to provide some sideways trading until gathering new negative momentum followed by resuming the decline by touching the mentioned support.

Expected trading range for today is between 955.00 and 890.00

Expected trend for today: Bearish