Platinum awaits the break – Analysis – 4/9/2015

Platinum price continued to form sideways trading by consolidating around 1000.00 level, to be affected by the negative domination due to the extension of the moving average around 1045.00 level, confirming the stability within the bearish channel, while we are waiting to exit the dominant sideways range to begin forming the waited negative attack and head towards 950.00 followed by 900.00 targets.

The continuation of stochastic decline will confirm the attempts of the price to exit the sideways bias and offer the required momentum to begin achieving the waited targets.

Expected trading range for today is between 1030.00 and 950.00

Expected trend for today: Bearish