Platinum keeps the bullish correctional bias – Analysis – 05-6-2019

Economies.com
2019-06-05 07:13AM UTC

Platinum price continued to form bullish correctional waves, to move away from the support at 790.00, therefore, we will keep our positive expectation in the near and medium period, to wait for achieving the correctional targets at 840.00 reaching to the main bearish channel’s resistance at 880.00.

 

Note that the price attempt to reach below the current support and providing negative close will force it to form a strong negative trading, to suffer several losses by reaching 749.00 and 680.00.

 

The expected trading range for today is between 800.00 and 840.00

 

The expected trend for today: Bullish

 

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