Platinum interacts slowly with the negative domination – Analysis – 19-6-2017

Despite Platinum price consolidation within the bearish channel recently, besides the stability of the moving average 55 around 955.00 resistance, but we notice the slow interaction within the negative domination by fluctuating around 925.00 level, while these factors allow us to continue suggesting the negative domination, to keep waiting to move towards the first negative target at 885.00, while breaking this level will push the price to suffer big losses that will reach the main support at 815.00.

Stochastic continues to fluctuate around 80 level to form the main factor that causes the current trading, while its success to reach the oversold areas will increase the negative pressure on the price and allow it to gain additional momentum to confirm targeting the mentioned levels.

Expected trading range for today is between 955.00 and 885.00

Expected trend for today: Bearish