Platinum tests the moving average – Analysis – 1/7/2015

Platinum price continued to be affected by stochastic positivity, which pushed it to test the moving average 55 around 1086.00, supporting the stability within the bearish level until now, thus, the negative overview will remain valid until the price breaks 1065.00 level to reach the main target at 1045.00.

We remind you that attempting to breach the main resistance will force the price to cancel the bearish attempts and start forming bullish correctional bias to target 1110.00 level as a first positive target.

Expected trading range for today is between 1090.00 and 1045.00

Expected trend for today: Bearish