Platinum price gains a new negative momentum– Analysis – 17-5-2022
Economies.com
2022-05-17 05:07AM UTC
Platinum price suffered extra negative pressures by stochastic attempt to reach the oversold level, which forces it to keep forming bearish waves to settle below 950.00 level.
The stability of the moving average 55 near the main resistance at 997.00 level increases the chances for renewing the negative attempts, to expect reaching the support at 913.00, and breaking this support makes us expect suffering extra losses by its decline at 855.00.
The expected trading range for today is between 965.00 and 913.00
The expected trend for today: Bearish
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