Platinum provides intraday negativity – Analysis – 7-2-2019

Platinum price is affected by the strength of the barrier at 82.00, to notice forming an intraday bearish trading, which increases the chances for pressing in the sideways range’s support that is located at 775.00, therefore, we will begin preferring the negative attempts, note that breaking the current support will reinforce the continuation of the negativity, expecting to threat 748.00 level in order to reach the main negative target at 660.00.

The risk of changing the bearish trend is represented by the price attempt to jump above 825.00 level, to confirm its readiness to form a bullish correctional trading, to for reaching the bearish channel’s resistance at 872.00. 

The expected trading range for today is between 825.00 and 775.00

The expected trend for today: Bearish