Platinum shows intraday positive rebound – Analysis – 4-7-2018

Platinum price could not hold for long time below 812.00 level, to form intraday positive rebound and settle towards 836.00 level as appears on the chart, reminding you that the price consolidation within the main bearish channel confirms the continuation of the negativity for the upcoming period, also, the stability of 885.00 initial resistance confirms facing negative pressures to expect renewing the negative attempts an press on 790.00 level followed by attempting to touch the next main target at 750.00.

Stochastic stability above 20 level forms the main factor to the current fluctuations, to keep waiting the negative momentum that will confirm the attempt to reach the mentioned targets.

Expected trading range for today is between 855.00 and 750.00

Expected trend for today: Bearish