Platinum repeats the negative crawl – Analysis – 07-10-2019

In spite of the slowness of Platinum price last trading, but providing a negative move and reaching below the moving average 55 supports our bearish correctional expectation in the near and medium period, reminding you that the attempt of reaching below 845.00 level, so that will force it to settle again within the bearish channel levels that appears in the above image, to increase the chances for suffering extra losses in the upcoming period trading.

Note that the stability of the barrier at 915.00, to shrink the chances for regaining the positive attempts, accompanied with stochastic negativity to ease the chances for reaching the waited negative stations.

The expected trading range for today is between 890.00 and 845.00

The expected trend for today: Bearish