Platinum repeats the fluctuation above the initial support – Analysis – 14-12-2018

Economies.com
2018-12-14 09:39AM UTC

Platinum price still stable above the initial support 775.00, to increase the chances of forming correctional bullish rally in the near term period, reminding you that the first correctional target is located at 825.00, while surpassing it will extend trades to press on the main bearish channel’s resistance at 898.00.

 

We should note that succeeding to break the current support and getting negative close below it will confirm regaining the bearish bias again, to succeed pressing on 748.00 level and surpass it to extend losses towards 660.00.

 

Expected trading range for today is between 825.00 and 775.00

 

Expected trend for today: Bullish

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