Platinum provides negative close – Analysis – 1-8-2019

Platinum price confirmed keeping the bearish bias domination by providing new negative close below the bearish channel’s resistance at 880.00, to notice the beginning of forming negative waves by reaching 852.00, which confirms the price stability within the bearish channel in the near term period, waiting to record the negative targets at 790.00 and 750.00.

We remind you that breaching the main resistance and getting positive close will activate the bullish track to start suggesting the bullish trades that target 925.00 followed by 1000.00 levels.

The expected trading range for today is between 880.00 and 800.00

The expected trend for today: Bearish