Platinum repeats the negative attempts– Analysis – 8-3-2017

Platinum price affected by strong negative pressures yesterday, to reach 958.00 approaching from the first waited target, note that there is a possibility to form intraday sideways trading due to stochastic attempt to surpass the oversold level, which confined the price between the resistance at 980.00 and 950.00 level until gathering the negative momentum, to resume recording the negative targets.

While providing new negative close below 950.00 level will assist to confirm the continuation of the negativity, to attempt to reach 935.00 and 912.00.

Expected trading range for today is between 980.00 and 950.00

Expected trend for today: fluctuated within the bearish level.