Platinum continues the negative move – Analysis – 02-10-2019

Platinum price remains affected by the strength of the barrier at 915.00, to notice forming a new negative moves, settled below the moving average 55, and providing extra negative momentum by stochastic will increase the chances for hitting the support at 855.00, to form the main negative target in the current period.

Note that the continuation of facing negative pressure and the attempt of reaching below the current support, so that will turn it to the bearish range, which forces it to suffer several losses by reaching 795.00 and 750.00.

The expected trading range for today is between 890.00 and 855.00

The expected trend for today: Bearish