Platinum might have to test the resistance – Analysis – 6-6-2017

Platinum price faced sudden positive pressures recently as stochastic rallied towards the overbought areas, forcing it to postpone the negative attack, renewing the chance to test the main resistance at 966.00, while we remind you that the bearish scenario depends on the strength of this resistance, expecting to renew the bearish attempts as long as it remains intact, reminding you that the first target is located at 885.00, followed by reaching 815.00 in the upcoming period.

On the other hand, the price attempt to surpass the above mentioned resistance will support getting rid of the negative domination, to open the way to start forming bullish attack to target 980.00 followed by 1040.00.

Expected trading range for today is between 966.00 and 885.00

Expected trend for today: Bearish