Platinum fails to break the additional support – Analysis – 3-6-2019

Platinum price was affected by the additional support line formed at 787.00 as appears on the chart, to block the negative attack and force the price to provide new sideways fluctuation, noting that the stability of this support might push the price to form correctional bullish trades in the near term period, to target 840.00 level, with chances to test the major resistance at 880.00.

Therefore, we suggest the correctional bullish trades for the near term and medium term period unless breaking the current support line that forms the key level between attempting to resume the negative attack and the beginning of the bullish rebound.

The expected trading range for today is between 787.00 and 840.00

The expected trend for today: Bullish