Platinum awaits the additional momentum – Analysis – 14-3-2019

Platinum price resisted the contradiction of the major indicators by providing frequent negative closings within the main bearish channel, while the stability of the main resistance at 860.00 increases the chances of forming new negative waves, to manage to press on 800.00 level and reach the first target at 775.00.

Stochastic agrees our negative overview by exiting the overbought areas, to increase the chances of gathering the negative momentum and resume the main bearish attack.

The expected trading range for today is between 840.00 and 800.00

The expected trend for today: Bearish