Platinum gathers new momentum – Analysis – 4-12-2018
Economies.com
2018-12-04 07:21AM UTC
Platinum price succeeded to gain a new bearish momentum, to increase the chances for resuming the main bearish attack, also the stability of the trading within the bearish channel levels particularly below the main resistance at 900.00 for today confirms the price attempt to reach 748.00, and surpassing this obstacle will make it record new negative targets by reaching 660.00 level in the upcoming period.
The stability of the moving average 55 near the main resistance increases the negative pressure, accompanied with stochastic negativity, which keeps providing negative momentum by its fluctuation near 20 level.
Expected trading range for today is between 825.00 and 750.00
Expected trend for today: Bearish
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