Platinum without any news – Analysis – 15-3-2017

There is no change on platinum price by its stability at 940.00, in spite of the negative motives that support the continuation of the negativity in the near and medium period, note that the bearish scenario depends mainly on the stability of the barrier at 950.00, to increase the chances for reaching the next negative target at 913.00.

While surpassing the current resistance will delay the negative attempts and to begin building bullish correctional bias, to target 980.00 level then repeat the negative attempt that begin from this level.

Expected trading range for today is between 950.00 and 913.00

Expected trend for today: Bearish