Platinum settles below the resistance – Analysis – 24-7-2017

Platinum price still consolidating clearly below the main resistance at 935.00, to keep the previously waited negative stability, while the stability of the moving average 55 around this resistance increases its strength to ease the attempt of forming new negative attack and remind you that it is important to break 886.00 barrier to open the way for more decline in the upcoming trading that targets 845.00 followed by 815.00.

We should note that attempting to breach the current resistance will cancel the negative overview and start building new bullish trading that targets 980.00 as a first positive station.

Expected trading range for today is between 935.00 and 886.00

Expected trend for today: Bearish