Platinum attracted to the moving average – Analysis – 3/7/2015
Economies.com
2015-07-03 08:20AM UTC
Platinum price rallied positively yesterday to negotiate the moving average located at 1085.00 and support the negative domination until this morning, while in general, the stability of 1090.00 resistance line supports the bearish overview for the upcoming period until the price reaches 1065.00 followed by 1045.00.
Stochastic approach from the overbought areas supports offering negative pressure for the upcoming period, to keep the bearish expectations conditioned by holding below the above mentioned resistance.
Expected trading range for today is between 1090.00 and 1045.00
Expected trend for today: Bearish
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