Platinum lacks the negative momentum – Analysis – 1-4-2019

Platinum price lost its negative momentum by stochastic rally above 50 level, to force the price to fluctuate near the bearish channel’s resistance at 870.00 again, reminding you that it is important to hold below the resistance to confirm the domination of the negativity that targets 825.00 followed by reaching 775.00 in the upcoming period.

Any attempt to rally above the current resistance will increase the chances of changing the main trend, to start suggesting the bullish attempts that might target 890.00 followed by 955.00 levels.

The expected trading range for today is between 870.00 and 825.00

The expected trend for today: Bearish