Platinum repeats the pressure on the barrier – Analysis – 4-7-2019

Platinum price took advantage of the positive momentum caused by stochastic approach to the overbought areas, to notice providing new pressure on 840.00 barrier, while we need to confirm breaching this barrier to manage to resume the bullish correction that targets 880.00 on the medium term basis.

Note that the risks of changing the trend and the return to the negative fluctuation will appear in case the price declined below the initial support 790.00, as it will open the way to suffer losses that might start at 749.00 and 700.00 levels.

The expected trading range for today is between 820.00 and 880.00

The expected trend for today: Bullish