Platinum repeats the sideways fluctuation– Analysis – 09-12-2019

Platinum price remains confined until this morning within the sideways range, due to the stability of the levels at 883.00 which represents the support level, while the resistance is located at 915.00.

Monitoring the price behavior and waiting for exiting the sideways track, to avoid any losses that might cause by renewing the current sideways trading, note that breaching the current resistance will activate the bullish scenario, to expect targeting 955.00 level reaching to 1025.00 in the upcoming period.

The expected trading range for today is between 915.00 and 883.00

The expected trend for today: neutral