Platinum continues the negative fluctuation – Analysis – 8-3-2021

Economies.com
2021-03-08 06:24AM UTC

Platinum price failed to surpass 1105.00 support line, to form weak sideways trades below 1190.00 barrier, allowing us to suggest more negative attempts in the upcoming period.

 

Stochastic crawl below 50 level will increase the chances of gathering the negative momentum, reminding you that succeeding to decline below 1105.00 will allow the price to record new correctional negative targets by reaching 1070.00 and 1000.00 levels.

 

The expected trading range for today is between 1170.00 and 1105.00

 

The expected trend for today: Sideways

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