Platinum repeats the positive closings – Analysis – 11-6-2019

Platinum price provided frequent positive closings above the initial support 790.00 to hint the tend to provide strong positive rally in the near term and medium term period, expecting stochastic to exit the oversold areas and getting positive momentum to start targeting the positive levels represented by 840.00 followed by 880.00 levels on the medium term basis.

We should note that attempting to crawl below the current support will reinforce the domination of the bearish bias, to expect forming forced negative attack and suffer many losses by moving towards 775.00 and 748.00 levels.

The expected trading range for today is between 790.00 and 840.00

The expected trend for today: Bullish