Platinum price declines calmly – Analysis – 18-11-2022

Platinum price still affected by the negative pressures to notice providing slow negative crawl and touch 977.00 level, reminding you that the frequent negative stability below 1040.00 barrier in addition to stochastic negativity momentum will increase the chances of resuming the bearish correction that might target 950.00 in the near term period.

On the other hand, attempting to rally above 1005.00 and holding above it will allow the price to form new bullish trades to attempt to press on the mentioned barrier in order to resume the main bullish attack.

The expected trading range for today is between 1005.00 and 950.00

The expected trend for today: Bearish