Platinum freezes – Analysis – 18-10-2019
Economies.com
2019-10-18 09:49AM UTC
Platinum price shows no action due to its frequent fluctuation around 880.00 level, without recording any new negative target until this morning, while the price needs to respond to stochastic negativity that approaches 20 level now, to increase the chances of recording the negative target at 845.00.
We remind you that attempting to rally above 915.00 will cancel the correctional bearish overview by moving into new bullish track, to increase the chances of rallying towards 955.00 followed by reaching 23.6% Fibonacci correction level at 1025.00.
The expected trading range for today is between 910.00 and 845.00
The expected trend for today: Bearish
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