Platinum still negative – Analysis – 23-12-2016
Economies.com
2016-12-23 08:08AM UTC
Platinum price still consolidating negatively below the bearish channel's resistance at 930.00 to support the continuation of the negativity in the upcoming trading, while we remind you that the first negative target is located at 870.00, which breaking it will extend trading to touch the main support line at 845.00.
Stochastic decline below 50 level reinforces the negative overview and increase the negative pressure by providing new negative momentum, to assist to reach our expected targets.
Expected trading range for today is between 930.00 and 870.00
Expected trend for today: Bearish
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