Platinum attempts to gid rid of the negativity – Analysis – 31-7-2017

Platinum price returned to provide new intraday positive trading to notice its stability around the main resistance 935.00, while stochastic move towards the overbought areas increases the positive pressures, which contradicts with the negative stability to allow us to remain neutral today and wait the next daily close to manage to detect the next trend.

We should note that succeeding to breach the current resistance will push the price to settle within main bullish track, expecting to target more positive levels that start at 955.00 followed by 980.00.

Expected trading range for today is between 920.00 and 955.00

Expected trend for today: Neutral