Platinum repeats the stability above the initial support – Analysis – 14-2-2019

Platinum price remains affected by the sideways bias domination, due to its repeated stability above the initial support at 775.00, which increases the chances for forming an intraday bullish rebound to target 825.00 level, therefore, we will begin preferring the bullish rebound in the near trading, depending on the stability of the initial mentioned support.

While the price decline below the current support, so that will reinforce the continuation of the negativity, which allows it to record several of the negative targets that begin at 748.00 and 700.00, therefore, we should monitor the price to avoid any change that might lead to unexpected losses.

The expected trading range for today is between 775.00 and 810.00

The expected trend for today: Bullish