Platinum crawls slowly – Analysis – 12-2-2019

Platinum price continued to provide slow negative crawling moves, attempting to press on the sideways range’s support at 775.00, reminding you that the price success to break the current support, so that will reinforce the continuation of the negativity, which allows it to record several negative targets that begin at 748.00 and 700.00.

The continuation of stochastic fluctuation below 50 level reinforces our negative expectation, to provide an extra negative momentum that increases the chances for achieving the break and recording the suggested targets.

The expected trading range for today is between 800.00 and 748.00

The expected trend for today: Bearish