Platinum suffers from the moving average– Analysis – 25-4-2018

Platinum price repeated forming extra negative trading, to notice its stability near 924.00 level, affected by the moving average 55 negativity at 980.00, in spite of stochastic surpass from the oversold level, but we will keep waiting for gathering new negative momentum that will allow it to test the critical support at 890.00, to monitor the price behavior to detect the main targets in the futuristic period.

Expected trading range for today is between 965.00 and 890.00

Expected trend for today: Bearish