Platinum awaits the chances to renew the positivity – Analysis – 17-6-2019

Platinum price still lacks the positive momentum until this moment, which led to continue providing the sideways trading by settling near the initial support 790.00, recommending to monitor the price behavior to confirm its stability above the current support, waiting to gather new positive momentum to ease the attempt to reach 840.00 level first, while surpassing it might extend trades towards the major resistance 880.00.

We should note that surrendering to the negative pressures caused by stochastic fluctuation within the oversold areas and attempting to crawl below the current support will cancel the bullish overview to expect targeting new negative levels that start at 750.00.

The expected trading range for today is between 790.00 and 840.00

The expected trend for today: Bullish