Platinum is forced for sideways fluctuation – Analysis – 28-5-2019

Economies.com
2019-05-28 07:27AM UTC

Platinum price still affected by the stability of the additional support 793.00 to force the price to provide additional sideways fluctuation and keep its consolidation within the main bearish channel, while there is a chances to rebound towards 840.00 unless breaking the current support line and attempt to gather the negative strengths again.

 

Achieving the required break will open the way to resume the negative attack to target 749.00 level, while breaking this obstacle will extend trades towards 700.00 in the upcoming period.

 

The expected trading range for today is between 835.00 and 793.00

 

The expected trend for today: Fluctuated until achieving the break

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