Platinum presses on the resistance – Analysis – 21-3-2019

Platinum price did not get enough of touching 860.00 resistance, to take advantage of the positive pressures by forming new bullish wave and attempt to exit the dominant negative range, while we recommend to wait the next four hours’ close to mention that the stability above the current resistance will confirm the preparation to form new bullish bias and target 922.00 followed by 965.00 levels.

On the other hand, providing negative close below the bearish channel’s resistance will increase the chances of renewing the negative attempts, expecting suffer many losses that start at 825.00 and 775.00 levels, thus, we will stay neutral until detecting the next main trend.

The expected trading range for today is between 850.00 and 885.00

The expected trend for today: Neutral