Platinum declines slowly – Analysis – 15-8-2019

Platinum price kept its negative stability within the bearish channel, responding to the strength of the resistance that is located at 870.00, by forming some of the negative fluctuated moves approaching from the initial target at 840.00, the continuation of the negative pressures will increase the chances for reaching to the initial support at 792.00, to monitor its behavior then detect the expected targets in the upcoming period.

The stability of the moving average 55 near the main resistance confirms the price confinement within the negative range, which increases the negative pressures, to ease the price mission to reach the waited target.

The expected trading range for today is between 860.00 and 792.00

The expected trend for today: Bearish