Platinum without any new – Analysis – 22-6-2017

Platinum price remains affected by the main indicators contradiction, which forces it to form more of the sideways trading below the bearish channel’s resistance as appears in the above image, reminding you that the stability of 935.00 level makes us wait for gathering the negative momentum, which activate the suggested negative domination by reaching 885.00 and 815.00.

While surpassing the bearish channel’s resistance and providing positive close above it will cancel the negative overview, to begin new bullish attack that targets 980.00 level reaching to1030.00 in the upcoming period.

Expected trading range for today is between 935.00 and 885.00

Expected trend for today: Bearish