Platinum resists the negative pressures – Analysis – 6-7-2020
Economies.com
2020-07-06 05:12AM UTC
Platinum price continued to resist the negative pressures caused by stochastic decline below 50 level besides the moving average 55 forming solid barrier at 870.00, to notice providing new positive close above the key support 765.00.
We expect to continue forming sideways trading until gathering the positive momentum that allows the price to renew the bullish attempts by breaching the moving average 55 and start recording the main positive targets at 910.00 and 980.00.
The expected trading range for today is between 780.00 and 850.00
The expected trend for today: Fluctuated within the Bullish range
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