Platinum price continues to crawl negatively – Analysis – 14-6-2022

Platinum price crawled below 950.00 level, to assist to confirm the domination of the suggested bearish bias, reminding you that it is important to monitor the price behavior after reaching the main support at 4.1800, as breaking this level will confirm moving to new bearish track to start targeting new negative levels that start at 880.00 and 855.00.

Now, stochastic crawl towards the oversold areas allows us to expect gathering the additional negative momentum, to assist to confirm the bearish scenario and achieve the required break to reach the suggested additional stations.

The expected trading range for today is between 960.00 and 918.00

Open Live Trading Account

The expected trend for today: Bearish