Platinum gets some negative momentum – Analysis – 31/7/2015

Platinum price repeated the negative closings below 1000.00, to begin getting new negative momentum through the bearish wave that stochastic forms, supporting the continuation of the expectations negative domination, while we should note that the main target is located at 920.00 for the near term and medium term trading.

We remind you that attempting to settle above 1000.00 will delay the bearish attempts and start forming bullish correctional bias until reaching the main resistance at 1100.00.

Expected trading range for today is between 1000.00 and 920.00

Expected trend for today: Bearish