Platinum keeps the negative crawl – Analysis – 06-12-2018

Platinum price keeps crawling negatively, to approach from the target that located at 775.00, noticing that stability of the moving average 55 near the main bearish channel’s resistance at 906.00 level, to confirm the price confinement within the bearish range, to make us prefer more of the negative trading in the near and medium period.

Note that the price success to break the current barrier will open the way towards achieving more of the negative targets that might extend to reach 748.00 then 660.00.

Expected trading range for today is between 800.00 and 748.00

Expected trend for today: Bearish