Platinum repeats the negative closings – Analysis – 11-7-2018

Despite Platinum price affection by the sideways bias domination recently, providing negative closings below 872.00 resistance supports the continuation of the negativity for the upcoming trading, while we will keep waiting to gather additional negative momentum followed by recording the main targets at 790.00 followed by 748.00.

Stochastic consolidation below 50 increases the chances of gathering the negative momentum now to assist to form the waited negative attack and start forming the suggested negative targets.

Expected trading range for today is between 855.00 and 790.00

Expected trend for today: Bearish