The moving average supports Platinum negativity – Analysis – 24-5-2017

Platinum price attempted to provide positive signal yesterday by rallying above 950.00 resistance, to face the moving average 55 that forces it to provide new negative close below this resistance to confirm the continuation of the negativity, thus, we will keep waiting to for new negative attack that targets 885.00 followed by repeating the attempts to move towards 815.00 support line.

Stochastic attempts to form negative waves assists to confirm the negative domination for the upcoming trading, to provide the required negative momentum until reaching our waited targets.

Expected trading range for today is between 950.00 and 885.00

Expected trend for today: Bearish