Platinum continues the negative fluctuation – Analysis – 16-8-2017
Economies.com
2017-08-16 07:57AM UTC
Platinum price continued to form negative trading approaching from the moving average 55 that forms the first negative target at 940.00, while the continuation of the stability of 980.00 resistance supports our bearish overview for the near term period, to continue the attempts of reaching the main support around 920.00.
The stability of stochastic around 20 level reinforces the negative overview by providing the additional negative momentum to assist to confirm the attempt to record the mentioned targets.
Expected trading range for today is between 980.00 and 940.00
Expected trend for today: Bearish
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