Platinum continues to face the negative pressures – Analysis – 14-3-2018

Platinum price showed stability above 940.00 support line, attempting not to surrender to the negative pressures provided by the major indicators, expecting to continue providing sideways trades until gathering the positive momentum that will allow the price to surpass 985.00 barrier and start recording the main targets at 1030.00 followed by 1085.00 in the upcoming period.

We remind you that attempting to break the current support will cancel the positive overview and fall under the effect of big negative pressures to force the price to suffer losses that reach 890.00 and 810.00 levels.

Expected trading range for today is between 940.00 and 985.00

Expected trend for today: Bullish