Platinum settles with intraday sideways trading – Analysis – 14-3-2017

Platinum price needs negative momentum to form an intraday sideways trading, to keep the negative stability below the barrier at 950.00, which makes us wait until gathering negative momentum again, which repeats the attempts of reaching the next target at 913.00, and by breaking it we expect reaching the achieve bottom at 885.00.

Surpassing the current resistance will delay the negative attempts, to begin building bullish correctional bias to target 980.00 level, to repeat the negative attempts that begin at this level.

Expected trading range for today is between 950.00 and 913.00

Expected trend for today: bearish.