Platinum price gets new negative momentum – Analysis – 23-6-2022

Despite the consolidation within the sideways track, the major indicators agree to provide the negative momentum that will assist to activate the bearish track for platinum price again, waiting to break 920.00 support line and reach new negative stations that start at 890.00 and 855.00.

On the other hand, failing to achieve the required break will increase the chances of forming temporary positive waves in order to test 950.00 before reaching any suggested negative target.

The expected trading range for today is between 940.00 and 890.00

Open Live Trading Account

The expected trend for today: Bearish