Platinum exits the bullish track – Analysis – 18-6-2021

Economies.com
2021-06-18 07:40AM UTC

Platinum price exited its bullish track due to facing strong negative pressures yesterday, to notice crawling below the main support at 1105.00 and suffer many losses by reaching 1043.00.

 

Stochastic continues to provide the negative momentum to increase the chances of targeting additional negative levels that might extend towards 1020.00 followed by reaching the moving average 55 near 995.00.

 

The expected trading range for today is between 1105.00 and 1020.00

 

The expected trend for today: Bearish

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