Platinum prepares to decline – Analysis – 18-3-2019

Platinum price confirmed its preparation to form new negative trades by providing negative close below the bearish channel’s resistance at 860.00, while stochastic begins to provide the negative momentum by crawling below 50 level to increase the chances of providing new pressure on 800.00 level followed by waiting to touch the first main target at 775.00.

We remind you that attempting to breach the mentioned resistance will cancel the negative overview and start forming strong positive trades that might push to reach 910.00 followed by 955.00 levels.

The expected trading range for today is between 860.00 and 800.00

The expected trend for today: Bearish