Platinum repeats the sideways fluctuation – Analysis – 30-11-2018

Platinum price continued forming negative trading by its stability below 825.00 level, forming the double top pattern, to reinforce the continuation of the negativity in the near and medium trading, therefore, we will keep waiting for hitting the negative station at 775.00, and the continuation of the negative pressures might make it reach 748.00, which represents a solid obstacle against the negative attack in the previous trading.

Stochastic attempt to settle within the oversold level reinforces the negative suggestion by providing extra negative momentum, to ease the attempt to reach the waited negative targets.

Expected trading range for today is between 825.00 and 775.00

Expected trend for today: Bearish