Platinum keeps the negative attempts – Analysis - 20-06-2017

Platinum price still stable within the bearish channel to support the negative overview for the near term and medium term trading, therefore, we will keep waiting to gather new negative momentum to activate the negative attack and manage to reach the first main target at 885.00.

The stability of the moving average 55 below the bearish channel's resistance at 955.00 agrees our bearish overview, to continue providing negative pressure on the current trading, also, the consolidation of stochastic around 20 level paves the way to gather additional negative momentum to assist to reach our waited targets.

Expected trading range for today is between 935.00 and 885.00

Expected trend for today: Bearish