Platinum repeats the sideways fluctuation – Analysis – 16-11-2017

Platinum price didn’t succeed until this moment to detect the main trend, due to its repeated stability within the sideways range levels, reminding you that the price rally above the barrier at 940.00 is important for regaining its bullish bias, to begin recording new targets by reaching 980.00 and 1020.00.

While the price sneak below the support at 910.00, so that will put it under the effect of the bearish bias domination, to expect suffering several losses by reaching 890.00 then 855.00, therefore, we should keep monitoring the price behavior and wait for detecting the main trend according to the previous data.

Expected trading range for today is between 910.00 and 940.00

Expected trend for today: Sideways