Platinum hovers near the support – Analysis – 18-6-2019

Platinum price surrendered to the negativity of the major indicators to notice forming negative wave recently, pressing on the initial support 785.00, while the stability of this support forms the main factor to confirm the attempt to renew the bullish attack that targets 840.00 followed by reaching 880.00 main resistance.

On the other hand, the continuous negative pressures and attempting to crawl below the current support will confirm surrendering to the main bearish bias domination, allowing us to suggest reaching 750.00 level initially, followed by waiting to touch 660.00 level in the upcoming period.

The expected trading range for today is between 785.00 and 820.00

The expected trend for today: Bullish