Platinum prepares for the negative attack – Analysis – 29-6-2018

Platinum price provided new negative close below 855.00 level, showing the domination of the bearish bias, and stochastic reach to 20 level eases the attempt to gain the extra negative momentum, which allows it to form the negative attack and begin achieving the main targets at 812.00 reaching to 750.00 in the upcoming period.

Note that the price attempt to surpass the initial resistance at 855.00, so that will force it to delay the negative attack for a while until testing 885.00 barrier, then repeat its waited negative attempts.

Expected trading range for today is between 855.00 and 812.00

Expected trend for today: Bearish