Platinum is weak – Analysis – 14-6-2021

Platinum price still weak, due to the continuous negative pressures in addition to its frequent consolidation below the additional barrier at 1195.00, to increase the chances of touching the bullish channel’s support line at 1110.00.

Note that facing continuous negative pressures and breaking the previously targeted support will force it to exit the bullish track, to expect suffering additional losses that might start at 1070.00 and 1005.00.

The expected trading range for today is between 1165.00 and 1110.00

The expected trend for today: Bearish