Platinum prepares for new decline – Analysis – 25-3-2019

Platinum price continued to provide clear negative trades below the bearish channel’s resistance around 860.00, to confirm its preparation to form strong negative attack in the near term and medium term period, while the price might face difficulty at 800.00 level, and breaking this level will succeed reaching the negative stations at 775.00 followed by 748.00 levels.

We should note that attempting to rally above the current resistance and providing positive close will cancel the negative overview to open the way to record new positive targets by moving towards 890.00 followed by 955.00 levels.

The expected trading range for today is between 860.00 and 800.00

The expected trend for today: Bearish