Platinum records the first targets – Analysis – 29-11-2018

Platinum price formed more of the bearish waves, to notice achieving the initial target by reaching 812.00, note that the stability of the resistance at 837.5 forms the main factor that confirms the continuation of the negativity, to expect achieving the negative targets at 775.00 reaching to 748.00 by gaining new negative momentum.

By the above image, we notice the stability of the moving average 55 near the main resistance, to confirm the price confinement within the negative range, and stochastic reach below 50 level eases gaining the negative momentum in the current period.

Expected trading range for today is between 837.00 and 775.00

Expected trend for today: Bearish