Platinum continues to fluctuate negatively – Analysis – 20-3-2020

Platinum price kept its negative stability within the bearish channel, to reinforce the stability below the additional barrier at 710.00, thus, we will keep waiting to gather new negative momentum to increase the chances of crawling below 550.00 level and open the way to target new negative levels that might start at 490.00 followed by 450.00.

On the other hand, rallying above 710.00 and holding above it will support the domination of the correctional bullish bias to allow us to suggest moving towards 748.00 followed by reaching the main resistance at 790.00.

The expected trading range for today is between 710.00 and 550.00

The expected trend for today: Bearish