Platinum is weak – Analysis – 21-1-2019

Platinum price returned to provide weak trading to move between this initial resistance at 825.00 and 775.00 support, as these lines form main levels to detect the main trend for the near term and medium term trading, which allows us to stay neutral now until surpassing one of these levels.

We remind you that succeeding to surpass 825.00 and getting positive close will increase the chances of touching the main resistance at 870.00, while breaking the initial support will put the price under strong negative pressures to target 748.00 followed by 660.00 levels.

Expected trading range for today is between 775.00 and 825.00

Expected trend for today: Neutral