Platinum repeats the negative attempts– Analysis – 21-8-2019

In spite of Platinum price last trading, but its repeated stability within the bearish channel levels forms a main factor to confirm the negative attempts of the near and medium period trading, noticing stochastic approach from 840.00 level again, to get advantage from the negative pressures, opening the way towards the initial main target by hitting 790.00 level.

The stability of the moving average 55 near the main resistance at 865.00 confirms the trading confinement within the negative range, accompanied with stochastic negativity by reaching 50 level to increase the chances for gathering a new negative momentum in the current trading.

The expected trading range for today is between 860.00 and 790.00

The expected trend for today: Bearish.