Platinum declines calmly – Analysis – 20-5-2019

Economies.com
2019-05-20 07:08AM UTC

Platinum price keeps the negative attempts to notice forming new negative crawl by reaching 819.00 level, taking advantage of the consolidation within the main bearish channel by targeting more negative levels in the near term and medium term period.

 

Also, stochastic continuous negative momentum signals by settling within the oversold areas allows us to wait to touch 790.00 level followed by attempting to press on 749.00 barrier.

 

The expected trading range for today is between 835.00 and 790.00

 

The expected trend for today: Bearish

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