Platinum pushes on the initial resistance – Analysis – 9-7-2018

Platinum price did not get enough of forming sideways trading, to start showing clear pressure on the initial resistance at 855.00, while the contradiction of the major indicators decreases the sharpness of the bullish rebound to expect the attempt to target 880.00 level that formed the critical level between surrendering to the bearish domination and forming bullish attack in case this barrier was breached, to extend trading towards 915.00 followed by reaching the moving average at 965.00.

Now, the stability below the mentioned key resistance will keep our main bearish overview to remind you that the expected targets are located at 790.00 followed by 750.00.

Expected trading range for today is between 880.00 and 790.00

Expected trend for today: Bearish