Platinum price surrenders to the moving average negativity – Analysis – 16-2-2024

Economies.com
2024-02-16 07:53AM UTC

Platinum price attempted to provide some positive waves yesterday, while facing the MA55 at 900.00 and holding below it supports the chances of motivating the bearish track now, also, stochastic continuous negative momentum allows us to wait to target the negative stations at 880.00 followed by reaching 855.00 support line.

 

The expected trading range for today is between 900.00 and 880.00

 

The expected trend for today: Bearish

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