Platinum resumes the negative attack – Analysis – 2-6-2017

Platinum price confirmed the affection by the bearish bias domination yesterday, noticing its move away from the main bearish channel's resistance at 970.00 and recording the first negative target at 925.00, while we expect the continuation of the negative pressure to attempt to move towards 885.00 that forms the next negative target on the medium term period.

Stochastic approach from the oversold areas forms the main factor to confirm the continuation of the negativity and provide the price with more negative momentum until achieving the mentioned target.

Expected trading range for today is between 950.00 and 885.00

Expected trend for today: Bearish