Platinum declines calmly – Analysis – 16-7-2018

Economies.com
2018-07-16 07:01AM UTC

Platinum price shows slow negative trading recently, as if it is shy of something! All the factors that agree the negative domination are valid, but the price still stable above the initial support at 790.00, reminding you that the price stability within the main bearish channel besides 870.00 level forming additional resistance agree the continuation of the negativity, to expect achieving the required break to move towards additional negative levels that might start at 748.00 followed by 685.00.

 

Expected trading range for today is between 855.00 and 790.00

 

Expected trend for today: Bearish

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