Platinum continues with the negative attempts – Analysis – 16-6-2017

Platinum price continues to provide clear negative trading to settle around 920.00 level and keeps its negative stability within the bearish channel, also, the consolidation of the moving average 55 below the bearish channel's resistance increases the negative pressure to ease the mission of breaking the initial barrier at 910.00 followed by reaching the next target at 885.00.

Stochastic attempts to settle within the oversold areas again to confirm the continuation of the negativity to provide the price with additional negative momentum that eases the attempt to achieve the suggested targets.

Expected trading range for today is between 940.00 and 885.00

Expected trend for today: Bearish