Platinum needs to breach – Analysis – 15-3-2018

Platinum price repeated providing sideways trading affected by the negativity of the main indicators, besides the stability of the barrier at 985.00 level against the bullish move, to confirm the positivity the price needs to surpass the current barrier and providing positive close it, to confirm its readiness to record several positive targets that begin at 1030.00 reaching to 1085.00 in the upcoming period.

You should be aware that any attempt to test the critical support at 940.00 in the current sideways trading, while suffering extra negative pressures might force it to reach below this support and begin forming main negative trading that might lead the price to suffer big losses by reaching 890.00.

Expected trading range for today is between 940.00 and 985.00

Expected trend for today: Sideways