Platinum fails to break – Analysis – 13-12-2018

Platinum price failed to break the additional support 775.00 recently, to force the price to form positive rebound by settling at 805.00 level now, expecting to confine trades between the initial support 825.00 to form good obstacle against resuming the bullish correction and assists to confirm the continuation of the negativity for the upcoming period.

In case the price surpassed 825.00 level, that will confirm surrendering to new correctional bullish trades, which increases the chances of rallying towards 871.00 followed by reaching the key resistance 903.00.

Expected trading range for today is between 

Expected trend for today: Fluctuated within the negative range