Platinum still under the negative pressure – Analysis – 25-9-2017

Platinum price repeated the negative closings below the moving average 55 at 955.00, to form solid barrier against regaining the bullish bias, which will keep the bearish overview valid, reminding you that the main target is located at 890.00, to test the key support that appears on chart.

Stochastic decline below 20 level adds new negative pressure to allow the price to gather additional negative momentum until achieving the waited target.

Expected trading range for today is between 955.00 and 890.00

Expected trend for today: Bearish